My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
04-28-92 Council Meeting Mniutes
sbend
>
Public
>
Common Council
>
Minutes
>
Common Council Meeting Minutes
>
1992
>
04-28-92 Council Meeting Mniutes
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/16/2013 9:52:36 AM
Creation date
5/16/2013 9:14:15 AM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
4/28/1992
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
14
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
�6ryr <br />Indiana, requesting that the area commonly known as 515 W. Ireland, South Bend, <br />Indiana, and which is more particularly described as follows: <br />SE 1/4, NE 1/4 except SE and NE Corners, Section 26- 37 -2E, 26,592 acres. <br />and which has Key Number 23 1013 0758, be designated as an Economic Revitalization <br />Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq., and South Bend <br />Municipal Code Sections 2 -76 et seq. and; <br />WHEREAS, the Department of Economic Development has concluded an investigation <br />and prepared a report with information sufficient for the Common Council to <br />determine that the area qualifies as an Economic Revitalization Area under Indiana <br />Code 6 -1.1- 12.1 -1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., <br />and has further prepared maps and plats showing the boundaries and such other <br />information regarding the area in question as required by law; and <br />Whereas, the Human resources and Economic Development Committee of the Common <br />Council has reviewed said report and recommended to the Common Council that the area <br />qualifies as an Economic Revitalization Area. <br />Now, therefore, be it resolved by the Common Council of the City of South Bend, <br />Indiana, as follows: <br />Section I. The Common Council hereby determines and finds that the petition <br />for Real Property Tax Abatement and the Statement of Benefits form completed by the <br />Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., and qualifies under <br />the provisions of South Bend Municipal Code Section 2 -76 et seq., for tax abatement. <br />Section II. The Common Council hereby determines and finds the following: <br />A. That the description of the proposed redevelopment or rehabilitation meets <br />the applicable standards for such development. <br />B. That the estimate of the value of the redevelopment or rehabilitation is <br />reasonable for projects of this nature; <br />C. That the estimate of the number of individuals who will be employed or whose <br />employment will be retained by the Petitioner can reasonably be expected to result <br />from the proposed described redevelopment of rehabilitation: <br />D. That the estimate of the annual salaries of those individuals who will be <br />employed or whose employment will be retained can be reasonably expected to result <br />from the proposed redevelopment or rehabilitation; <br />E. That the other benefits about which information was requested are benefits <br />that can be reasonably expected to result from the proposed described redevelopment <br />or rehabilitation; and <br />F. That the totality of benefits is sufficient to justify the deduction, all of <br />which satisfy the requirements of I.C. 6 -1.1- 12.1 -3. <br />Section III. The Common Council hereby determines and finds that the proposed <br />described redevelopment or rehabilitation can be reasonably expected to yield <br />benefits identified in the Statement of Benefits set forth as sections I through II <br />of the Petition for Real Property Tax Abatement Consideration and that the Statement <br />of Benefits form prescribed by the State Board of Accounts are sufficient to justify <br />the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. <br />Section IV. Pursuant to Section 2 -84 of the Municipal Code of the City of South <br />Bend, the Common Council hereby accepts the recommendations of the Council's Human <br />Resources and Economic Development Committee represented in this substitute <br />resolution. The Common Council hereby makes the following specific findings which <br />support its conclusion that the Petitioner, Toro South Bend Manufacturing, qualifies <br />for a ten (10) year abatement and that the area described herein should be declared <br />an economic revitalization area: <br />(1) The Petitioner has met the economic obsolescence factor requirements for <br />land and building due to previously declining production, as evidenced by the <br />written report of the St. Joseph County Assessor. <br />(2) The petitioner was under study for a plant closing due to declining <br />production since 1989. The Petitioner committed to keep the South Bend facility <br />open, to reinvest in this location, their employee agreed to have their wages frozen <br />for two (2) years, and that the Mississippi plant would be closed instead. <br />(3) The Petitioner's 221,355 square foot facility and 1,000 square foot <br />addition will create thirty -one (31) new permanent full -time jobs with an annual <br />payroll of $425,197, plus maintain two hundred and seventy -five (275) existing <br />permanent full -time jobs with an annual payroll of $4,723,127. <br />(4) The Petitioner plans to produce Lawn Boy, Toro, and Ford lawn and garden <br />equipment, and plans to utilize local inventory sources then export to other states; <br />all of which will have a positive impact on the economy. <br />Section IV. The Common Council hereby accepts the report and recommendation of <br />the Human Resources and Economic Development Committee that the area herein <br />
The URL can be used to link to this page
Your browser does not support the video tag.