10-28-96 Council Meeting Minutes

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REGULAR MEETING (d) any other benefits requested are benef. to result from the manufacturing equips OCTOBER 28, 1996 bout which information was is that can be reasonably expected roposed installation of new ent; and (e) the totality of benefits is sufficient to justify the deduction requested. SECTION III. The Common that the proposed new manufac expected to yield the benefit Benefits as set forth in Sect Personal Property Tax Abateme Statement of Benefits form co: being prescribed by the State to justify the deduction gran 4.5. SECTION IV. The Common 1 and recommendation of the Dep the Human Resources and Econoi favorable recommendation, tha- designated as Economic Revita, personal property tax deducti, Council hereby determines and finds uring equipment can be reasonably identified in the State of on 1 through 3 of the Petition for t Consideration and that the pleted by the Petitioner, said form Board of Accounts, are sufficient ed under Indiana Code 6 -1.1 -12.1- 2ouncil hereby accepts the report artment of Economic Development, and nic Development Committee's t the area herein described be Lization Area for purposes of Dn for a period of five (5) years. SECTION V. The Common Council determines that such designation is for personal property tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION VIII. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Roland Kelly Member of the Common Council A public hearing was held on Faccenda, Jr., attorney, made resolution. He indicated thi friction welder which will al worldwide basis, as they curr United States, Europe, China Washington made a motion to a Council Member Council Member adopted by a roll call vote o RESOLUTION NO. 2419 -96 A RE THE CERT. BEND TEN WHEREAS, a petition for filed with the City Clerk for of the City of South Bend, In commonly known as 200 block o which is more particularly de he resolution at this time. Phil the presentation for the company is purchasing a new ow them to remain competitive on a ntly sell products throughout the nd South America. Council Member opt the resolution, seconded by Coleman. The resolution was nine ayes. OLUTION OF THE COMMON COUNCIL OF ITY OF SOUTH BEND DESIGNATION IN AREAS WITHIN THE CITY OF SOUTH INDIANA, COMMONLY KNOWN AS THE 200 CHIPPEWA AVENUE AN ECONOMIC ALIZATION AREA FOR PURPOSES OF A 10) YEAR REAL PROPERTY TAX MENT FOR KERASOTES THEATRES COMPLEX eal property tax abatement has been consideration by the'Common Council iana requesting that the area Chippewa, South Bend, Indiana, and cribed as follows: 1 1 1