NOTICE TO THE PUBLIC OF ADOPTION OF A RESOLUTION APPROVING A REQUEST FOR TAX ABATEMENT IN AN ECONOMIC REVITALIZATION AREA WITHIN THE CORPORATE LIMITS OF THE TOWN OF PIERCETON, INDIANA AND PUBLIC HEARING ON SUCH APPROVAL
Notice is hereby given that on November 8, 2021, the Town Council of Pierceton, Indiana adopted Declaratory Resolution No. 11-1-21, which Resolution provides in substance as follows:
Whereas the real estate located at 22 Pequignot Drive., Pierceton, IN 46562, as more fully described in the Resolution ("Real Estate") has been declared an Economic Revitalization Area ("ERA") and the improvement of the Real Estate would benefit and would promote the welfare of all citizens and taxpayers in Pierceton, Kosciusko County, Indiana. The Pierceton Town Council found and declared on September 2, 2021 and ratified on November 8, 2021 that deductions for ten (10) years for new manufacturing equipment and ten (10) years for new real estate improvements installed in the ERA would be granted for qualified projects.
A description of the affected area is available and can be inspected in the Pierceton Clerk/Treasurer's Office.
The Pierceton Town Council also found that it should approve the Statements of Benefits filed by Paragon Medical, Inc. and Ibex Development LLC (collectively "Company") for qualified projects located on the Real Estate for such 10 year abatement deductions.
A public hearing on these matters will be held by the Pierceton Town Council on December 13, 2021, at 6:30 o'clock P.M. in the Town Hall, 105 W. Walnut Street., Pierceton, Indiana 46562. At this hearing, the Pierceton Town Council (1) will receive and hear all remonstrances and objections from interested persons, (2) shall take final action determining whether the qualifications for deductions in an economic revitalization area have been met and confirming, modifying and confirming, or rescinding the Resolution, after considering the evidence, and (3) shall take final action on the Statements of Benefits.
