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REGULAR MEETING SEPTEMBER 9, 2013 <br /> <br /> <br /> <br />RESOLUTION NO. 4281-13 A RESOLUTION WAIVING THE REQUIRED <br /> FILING DATE OF MAY 15, 2013 AND <br /> ACCEPTANCE OF THE DEDUCTION <br /> APPLICATION OF THE LATE FILING OF <br /> DEDUCTION APPLICATION FOR THE NEW <br /> REAL PROPERTY ADDITION LOCATED IN <br /> AN ECONOMIC REVITALIZATION AREA <br /> FILED UNDER RESOLUTION 4077-11 FOR <br /> MCCORMICK AND COMPANY, INC. <br /> LOCATED AT 3425 W. LATHROP DRIVE <br /> <br /> <br /> Whereas, The State of Indiana, County of St. Joseph, Adopted by the Common council of <br />the City of South Bend, Indiana commonly known as 3425 W. Lathrop Drive, South Bend, <br />Indiana had adopted Resolution 4077-11, pursuant to Indiana Code 6-1.1-12.1 to be an economic <br />revitalization area for purposes of an eight (8) year real tax abatement for McCormick and <br />company, Inc. <br /> <br /> Whereas, Resolution 4077-11 was presented and adopted by the Common Council on <br />January 24, 2011. <br /> <br /> Whereas, Ms. Deidre Cassidy, Director of State and Local Tax for McCormick and <br />Company, Inc. states that the Application for Deduction from Assessed Valuation for New <br />Manufacturing Equipment in Economic Revitalization area (Form 322) was never received by <br />McCormick and Company, Inc. <br /> <br /> Whereas, the Auditor’s Office states that it has never received the required Form 322. <br /> <br /> Whereas, the tax bill which was to have been 100% abated results in a tax being due of $. <br /> <br /> Now, therefore be it resolved by the Common Council of the City of South Bend, Indiana <br />as follows: <br /> <br /> SECTION 1. The petitioner has presented testimonial evidence of the following facts in <br />support of this resolution: <br /> <br />A. The Department of Community Investment Department cannot find the required Form 322 in <br />the department files. <br /> <br />B. The stated property cannot afford this large tax bill at the present time. The 2012 taxes <br />payable 2013 would be $44,844.34 with the abatement and $117,742.72 without the abatement. <br /> <br />C. McCormick and Company, Inc. has met or exceeded all financial goals stated in their <br />original petition for a tax abatement. The initial cost of the project was estimated to be <br />$5,894,948 and the actual cost was $7,721,643. The company committed to creating five (5) <br />new permanent full time jobs with a payroll of $177,240 and they have created twelve (12) <br />additional jobs with a payroll of $545,958. The company was to retain one hundred twenty-three <br />(123) jobs with a payroll of $6,288,000. They have retained one hundred twenty-three (123) <br />employees with a payroll of $5,596.069. <br /> <br />D. The project is an outstanding asset to this community. <br /> <br />E. The tax abatements received from the City of South Bend play a key role in the company’s <br />decision to invest in the City of South Bend. <br /> <br />F. All other required documentation has been received from McCormick and Company, Inc. by <br />the required due dates. <br /> <br /> SECTION II. The foregoing facts, taken together, lead the Common Council to <br />conclude that compelling reasons exist to waive the filing deadline. <br /> <br />14 <br /> <br /> <br />