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WHEREAS, the Council has d <br />an economic revitalization <br />rmined that the qualifications for <br />ea have been met; and <br />WHEREAS, the Council issued a Confirming Resolution confirming <br />the adoption of the Declara ory Resolution as Resolution No. <br />1935 -92 on April 28, 1992; nd <br />WHEREAS, completion of the roject has exceeded the two (2) year <br />period prescribed for the t x abatement by the original <br />Declaratory Resolution and onfirmatory Resolution; and <br />WHEREAS, the Petitioner has proceeded in good faith to complete <br />the project and has provide those benefits which served as the <br />basis for the original gran of abatement by the City; and <br />WHEREAS, Petitioner has just recently been made aware of the date <br />of completion of the project and not the date on the property is <br />physically within the Economic Revitalization Area will determine <br />the availability of tax abatement; and <br />WHEREAS, the Petitioner has requested an additional period of <br />time to complete installati n of the equipment. <br />NOW, THEREFORE, BE IT RESOLD by the Common Council of the city <br />of South Bend, Indiana, as follows: <br />SECTION I. The Common Court <br />Resolution and its Confirma <br />described herein as an Econ <br />purposes of property tax ab <br />personal property tax abate: <br />calendar years from the dat <br />Resolution by the Common Co <br />equipment installed within` <br />Area on or before April 28, <br />SECTION II. The Common Cou <br />requirements of Indiana Cod <br />necessary to give affect to <br />the general scope of this w <br />approves the amended Form S <br />hereto as Exhibit A, and sp <br />failure to submit said Stat <br />Council before the installa <br />in accordance with Indiana <br />SECTION III. The Common Co <br />property owner is qualified <br />tax deductions for a period <br />determines that the petitio: <br />of the Municipal Code of th <br />§6 -1.1- 12.1 -1 et seq. <br />it hereby confirms its declaratory <br />ory Resolution designating the area <br />mic Revitalization Area for the <br />tement. Such designation is for <br />ent only and is limited to three (3) <br />of adoption of the Confirmatory <br />ncil, covering all new manufacturing <br />he declared Economic revitalization <br />1995. <br />cil hereby waives compliance with the <br />S 6 -1.1- 12.1 =11.3, to the extent <br />this Resolution. Without limiting <br />iver, the Common Council hereby <br />-1 Statement of Benefits attached <br />cifically waives the Petitioner's <br />ment of Benefits to the Common <br />ion of new manufacturing equipment, <br />ode S 6- 1.1- 11.3(a)(2). <br />ncil hereby determines that the <br />for and is granted personal property <br />of five (5) years, and further <br />complies with Chapter 2, Article 6, <br />City of South Bend and Indiana Code <br />SECTION IV. This Resolution shall be in full force and effect <br />from and after its adoption by the Common Council and approval by <br />the Mayor. <br />A public hearing was held or <br />Council Member Coleman repor <br />Development Committee had me <br />it to the Council favorable. <br />made the presentation for th <br />April 28, 1992 the Council a <br />construction of a new buildi <br />Tribune. He indicated that <br />construction and the install <br />State Board of Tax Commissia <br />portion of the machinery and <br />installed and operational by <br />of the Common Council <br />the resolution at this time. <br />.ed the Community and Economic <br />on this resolution, and recommended <br />Phillip Faccenda, Jr., attorney, <br />resolution. He indicated that on <br />proved a petition for the <br />.g and equipment for the South Bend <br />he Tribune proceeded with <br />,tion of the presses, however, the <br />ers took the position that only the <br />equipment that was completely <br />April 28 qualified for personal <br />1 <br />1 <br />1 <br />