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<br />of the old Colfax Theater. He indicated they planned to purchase machinery for
<br />inserting, packaging and sorting of papers. He indicated they also planned to
<br />purchase a modern, state of the art, press. Charles Barrington, 4125 Sampson; Joyce
<br />Boaler, 1606 Hillsdale; Lee Brummit, 1129 Diamond, Roman Kowalski, 802 Birchwood,
<br />Kelly Havens, 12032 Timberline Trace; and Barry Baumbaugh, 12032 Timerline Trace,
<br />Wayne Wirts, 1889 Riverside Dr.; Linda Petill 14677 Lindy Dr., spoke against these
<br />abatements. Council Member Coleman made a motion to adopt Resolution No. 92 -30,
<br />seconded by Council Member Ladewski The resolution was adopted by a roll call vote
<br />of nine ayes. Council Member Coleman made a motion to adopt Resolution No. 92 -31,
<br />seconded by Council Member Ladewski. The resolution was adopted by a roll call vote
<br />of nine ayes.
<br />RESOLUTION 1936 -92 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
<br />DESIGNATING CERTAIN AREAS COMMONLY KNOWN AS 2424 NORTH FOUNDATION
<br />DRIVE, SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR
<br />PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR NIMET INDUSTRIES,
<br />INC.
<br />WHEREAS, a petition for personal property tax abatement consideration has been
<br />filed with the Common Council of the City of South Bend, requesting that the area
<br />commonly known as 2424 North Foundation Dr. South Bend, Indiana, and which is more
<br />particularly described as follows:
<br />A parcel of land in part of the South Half of Section 28, Township 38 North,
<br />Range 2 East, German Township, St. Joseph County, Indiana, described as follows:
<br />Commencing at the southeast corner of said Section; thence North 90 degrees 00
<br />minutes 00 seconds West 2642.71 feet to the southeast corner of the Southwest
<br />Quarter of said Section; thence South 89 degrees 57 minutes 33 seconds West
<br />171.27; thence North 0 degrees 00 minutes 47 seconds East 375.00 feet; thence
<br />South 89 degrees 59 minutes 13 seconds East 450.00 feet; thence South 0 degrees
<br />00 minutes 47 seconds West 375.00 feet; thence North 89 degrees 59 minutes 13
<br />seconds West 450.00 feet to the point of beginning and containing 3.874 acres,
<br />more or less.
<br />The bearing of the South line of the Southeast Quarter of Section 28 is assumed
<br />North 90 degrees 00 minutes 00 seconds West.
<br />and this property has Key Number 25 1010 040015, be designated as an Economic
<br />Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq., and
<br />South Bend 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 pursuant to Indiana
<br />Code 6 -1.1- 12.1 -4.5, that;
<br />(a) the estimate of the cost of the new manufacturing equipment is reasonable
<br />for equipment of that type;
<br />(b) the estimate of the number of individuals that will be expected to result
<br />from the proposed installation of new manufacturing equipment;
<br />(c) the estimate of the annual salaries of those individuals who will be
<br />reasonably expected to result from the proposed installation of new equipment;
<br />(d) any other benefits about which information was requested are benefits that
<br />can be reasonably expected to result from the proposed installation of new
<br />manufacturing equipment; and
<br />(e) the totality of benefits is sufficient to justify the deduction requested.
<br />SECTION II. The Common Council hereby determines and finds that the proposed new
<br />manufacturing equipment can be reasonably expected to yield the benefits identified
<br />in the Statement of Benefits as set forth in Section 1 through 3 of the Petition for
<br />Personal Property Tax Abatement Consideration and that the Statement of Benefits
<br />Form completed by the Petitioner, said form being prescribed by the State Board of
<br />Accounts, are sufficient to justify the deduction granted under Indiana Code
<br />6 -1.1- 12.1 -4.5.
<br />SECTION III. The Common Council hereby accepts the report and recommendation of
<br />the Department of Economic Development, and the Human Resources and Economic
<br />
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