To Confirm Resolution 19-03 Extending the Period of Designation of an Economic Revitalization Area, Approving the Statements of Benefits, and Authorizing Periods of Abatement for Real and Personal Property Improvements - Re: Property at 1300 S. Patterson Drive (Catalent Indiana, LLC, Petitioner)
This resolution confirms Resolution 19-03 extending the Economic Revitalization Area (ERA) designation of a parcel owned by Catalent Indiana, LLC and known as 1300 S. Patterson Drive. This designation extension was recommended by the Economic Development Commission and will enable the expansion of Catalent's packaging, vial filling, and syringe filling capacity, creating additional jobs within the City. The resolution also authorizes a ten-year period of abatement for certain personal and real property improvements at 1300 S. Patterson Drive and sets the same abatement schedule for both real and personal property.
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