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NOTICE TO THE PUBLIC OF ADOPTION OF RESOLUTION DESIGNING AN ECONOMIC REVITALIZATION AREA WITHIN THE CORPORATE LIMITS OF THE TOWN OF SYRACUSE, INDIANA AND PUBLIC HEARING ON SUCH DESIGNATION AND ON A REQUEST FOR ADOPTION OF WAIVER Notice is hereby given that on September 16, 2008, the Town Council of Syracuse, Indiana adopted Economic Revitalization Area Declaratory Resolution No. 08-05, which Resolution provides in substance as follows: Whereas the real estate located at 501 Railroad Street, Syracuse, IN 46567, as more fully described in the Resolution ("Real Estate") has become undesirable for, or impossible of, normal development and occupancy, and the improvement of the Real Estate would benefit and would promote the welfare of all citizens and taxpayers in Syracuse, Kosciusko County, the Syracuse Town Council found, declared, and designated the Real Estate to be an economic revitalization area as defined in Ind. Code § 6-1.1-12.1-1 ("ERA"). The Syracuse Town Council also declared that deductions for five (5) years for new manufacturing equipment, new logistical distribution equipment, new research and development equipment, new information technology equipment and for ten (10) years 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 Syracuse Clerk/Treasurer's Office. The Syracuse Town Council also found that it should approve the Statements of Benefits filed by Syracuse Building, LLC, Jasper Plastics, Inc, AIA Countertops, Inc. and BetterWay Products, LLC ("Companies") for qualified projects located on the Real Estate for such 5 and 10 year abatement deductions. Finally, the Syracuse Town Council resolved to hold a public hearing to consider Companies' requests for the adoption of a waiver under Ind. Code § 6-1.1-12.1-11.3 regarding the requirement that an economic revitalization area must be designated before the initiation of the project for which a person desires to claim a deduction under Ind. § 6-1.1-12.1. A public hearing on these matters will be held by the Syracuse Town Council on October 21, 2008, at 7:00 o'clock p.m. in the Town Council, 310 N. Huntington St., Syracuse, Indiana 46567. At this hearing, the Syracuse Town Council (1) will receive and hear all remonstrances and objections from interested persons, (2) shall take final action determining whether the qualifications for 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 and the request for adoption of a waiver under Ind. §6-1.1-12.1-11.3. Syracuse Town Council Julie Kline, Clerk-Treasurer Town of Syracuse, Indiana September 18, 2008 s25
