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the deduction granted under Indiana Code 6 -1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby accepts the report and recommendation of the <br />Human Resources and Economic Development Committee that the area herein described be <br />designated an Economic Revitalization Area and hereby adopts a Resolution designating <br />this area as an Economic Revitalization Area for purposes of real property tax <br />abatement. <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to <br />two (2) calendar years from the date of the adoption of this Resolution by the Common <br />Council. <br />SECTION VI. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of ten (10) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be <br />published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said <br />publication providing notice of the public hearing before the Common Council on the <br />proposed confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />/s/ Eugene Ladewski <br />Member of the Common Council <br />A public hearing was held on the resolutions at this time. Council Member Kelly <br />reported that the Community and Economic Development Committee have met on this bill <br />and recommended it to the Council favorable. Jack Alexander, 53260 Juday Creek, <br />president of Molding Products Division, made the presentation. He indicated they <br />were expanding their facility and purchasing new equipment in order to be competitive <br />in the sheet molding compound business. He indicated they will employ 23 additional <br />employees. Council Member Washington made a motion to adopt Resolution No. 2292 -95, <br />seconded by Council Member Coleman. The resolution was adopted by a roll call vote <br />of eight ayes. Council Member Washington made a motion to adopt Resolution No. 2293- <br />95, seconded by Council Member Luecke. The resolution was adopted by a roll call <br />vote of eight ayes. <br />RESOLUTION NO. 2294 -95 A RESOLUTION AMENDING RESOLUTIONS NO. 2251 -95 AND NO. 2247- <br />95 TO REPLACE THE SOUTH BEND REDEVELOPMENT COMMISSION ON <br />BEHALF OF ABSORBTECH, LLC WITH THE SOUTH BEND REDEVELOPMENT <br />COMMISSION ON BEHALF OF AT OF INDIANA, LLC AS THE NAMED <br />PROPERTY OWNER FOR REAL PROPERTY TAX ABATEMENT PURPOSES. <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has duly adopted <br />a Declaratory Resolution No. 2247 -95, designating as an Economic Revitalization Area <br />for the purpose of real property tax abatement, the area commonly known as 3900 West <br />William Richardson Drive, South Bend, indiana (as more particularly described <br />therein, the "Property "); and <br />WHEREAS, the Council thereafter duly adopted Confirming Resolution No. 2251 -95 <br />granting a six year real property tax abatement for the Property in the name of <br />Absorbtech, LLC; and <br />WHEREAS, at the time of its application for real property tax abatement, the <br />applicant had made only a preliminary choice of entity and applicant has submitted <br />documentation evidencing that it has organized as and hold title to the Property as <br />AT of Indiana, LLC; and <br />WHEREAS, it is the desire of the Common Council to correct Declaratory <br />Resolution and the Confirming Resolution to reflect the correct name of the Property <br />owner; <br />SECTION I. The Common Council hereby confirms that AT of Indiana, LLC shall receive <br />the real property tax deduction with respect to the Property for a period of six (6) <br />years. <br />SECTION II. The Common Council hereby amends Resolutions No. 2247 -95 and No. 2251 -95 <br />by striking the words Absorbtech, LLC wherever they appear therein and substituting <br />in lieu thereof the words "AT of Indiana LLC". <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />/s/ Eugene Ladewski <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. Council Member Kelly <br />reported that the Community and Economic Development Committee had met on this bill <br />and recommended it to the Council favorable. Peter Trybula, attorney, made the <br />presentation for the resolution. He indicated Resolution No. 2251 -95 was passed in <br />July of 1995, and since then Absortech has formed a holding company, L.L.C. and this <br />would amend the resolution to reflect this change. Council Member Coleman made a <br />motion to adopt this resolution, seconded by Council Member Washington. The <br />resolution was adopted by a roll call vote of eight ayes. <br />RESOLUTION NO. 2295 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND <br />DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND <br />COMMONLY KNOWN AS 3900 WEST WILLIAM RICHARDSON DRIVE AN <br />