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10-12-98 Council Meeting Minutes
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10-12-98 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
10/12/1998
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REGULAR MEETING OCTOBER 12, 1998 <br />BEND, INDIANA, COMMONLY KNOWN AS 3605 <br />WEST CLEVELAND RD., AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A <br />FIVE (5) YEAR PERSONAL PROPERTY TAX <br />ABATEMENT FOR FEDERAL -MOGUL SOUTH BEND, <br />INC. <br />WHEREAS, a petition for personal property tax abatement <br />consideration has been filed with the Common Council of the City <br />of South Bend, requesting that the area commonly known as 1137 S. <br />Lafayette Blvd., South Bend, Indiana, and which is more <br />particularly described as follows: <br />A tract of land in part of the east half of Section 21, township <br />38 north, range 2 east, 2nd P.M. St. Joseph County, Indiana, and <br />more particularly described as follows: <br />Beginning at a point on the east -west half section line of said <br />east half north 88 degrees 53 minutes 36 seconds East 915.58 feet <br />from the center of said Section 21, thence north 0 degrees 56 <br />minutes 57 seconds west 338.80 feet; thence north 88 degrees 53 <br />minutes 36 seconds east, parallel with the east -west half section <br />of said Section 800.00 feet; thence south 0 degrees 56 minutes 57 <br />seconds east 1726.13 feet; thence northwesterly 550.14 feet along <br />an arc to the right having a radius of 4463.66 feet and subtended <br />by a long chord having a bearing of north 54 degrees 36 minutes <br />59 seconds west and a distance of 549.80 feet; thence north 51 <br />degrees 05 minutes 08 seconds west 465.22 feet; thence north 0 <br />degrees 56 minutes 57 seconds west 761.20 feet to the east -west <br />half section line of said east half the point of beginning, and <br />containing 26.203 acres, more or less. <br />and this property has Key Numbers 25 500 13100, be designated as <br />an Economic Revitalization Area under the provisions of Indiana <br />Code 6 -1,1- 12.1 -1 et sea., and South Bend Municipal Code Section <br />2 -76 et sea.; and <br />WHEREAS, the Department of Economic Development has <br />concluded an investigation and prepared a report with information <br />sufficient for the Common Council to determine that the area <br />qualifies as an Economic Revitalization Area under Indiana Code <br />6 -1.1- 12.1 -1, et sea., and South Bend Municipal Code Sections 2- <br />76 et sea. and has further prepared maps and plats showing the <br />boundaries and such other information regarding the area in <br />question as required by law; and <br />WHEREAS, the Human Resources and Economic Development <br />Committee of the Common Council has reviewed said report and <br />recommended to the Common Council that the area qualifies as an <br />Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br />City of South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds <br />pursuant to Indiana Code 6 -1.1- 12.1 -4.5, that: <br />(a) the estimate of the cost of the new manufacturing <br />equipment is reasonable for equipment of that type; <br />(b) the estimate of the number of individuals that will be <br />employed or whose employment will be retained by the <br />Petitioner can be reasonably expected to result from <br />the proposed installation of new manufacturing <br />equipment; <br />(c) the estimate of the annual salaries of those <br />individuals who will be employed or whose employment <br />will be retained can be reasonably expected to result <br />from the proposed installation of new equipment; <br />
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