NOTICE TO THE PUBLIC OF ADOPTION OF RESOLUTION APPROVING APPLICATION FOR TAX ABATEMENT WITHIN THE CORPORATE LIMITS OF THE TOWN OF SYRACUSE, INDIANA
AND PUBLIC HEARING ON SUCH APPROVAL
Notice is hereby given that on January 19, 2020 the Town Council of Syracuse, Indiana adopted Declaratory Resolution No. 2021-01, which Resolution provides in substance as follows:
Whereas the real estate located at 72056 Technology Way, 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, Indiana and the Syracuse Town Council found, declared, and designated the Real Estate to be an economic revitalization area as defined in IC 6-1.1-12.1-1 ("ERA"). The Syracuse Town Council also declared that deductions for ten (10) years for new manufacturing equipment, new logistical distribution equipment, new research and development equipment, new information technology equipment and 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 found that it should approve the Statements of Benefits filed by Exton, Inc. DBA Travel Star Products and HGT07 LLC ("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 Syracuse Town Council on February 17, 2021, at 7:00 o'clock P.M. in the Town Hall, 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 and (2) shall take final action on the Declaration of Economic Revitalization Area and the Statements of Benefits.
