Action: Change of zoning for property at 748 Hannibal St.
- What it means: The real estate in lots 7, 8, 9, 10, 11 and 12 in R.L. Wilson subdivision along the north side of Hannibal Street between South Eighth and South Sixth streets shall be rezoned from general business to downtown zoning. The plan commission voted 9-0 in favor of the rezoning on March 19.
- What’s next: Downtown zoning serves to stimulate and enhance its unique character as a county seat and historic asset. The surrounding properties are zoned as downtown or residential, and the owners have received funds from the Façade Grant Program to enhance the property.
Action: City to vacate right-of-way along old Brooks School Road
- What it means: Brooks School Road, between Greenfield Avenue and 136th Street, was abandoned and removed in 2007. With no foreseeable public purpose, the city is looking to vacate certain parcels of right-of-way land to adjacent landowners.
- What’s next: The parcels of land shall be vacated to adjacent property owners Marilyn Bubenzer, Wayne S. Miller, the Eugene P. Cornett Living Trust and Adaline M. Cornett.
Action: SMC Corp. of America receives a 10-year tax phase-in
- What it means: The Japanese company’s North American corporate headquarters is expanding its facility at 10100 SMC Blvd. in Noblesville’s Corporate Campus by 600,000 square feet. Officials said the expansion cost is approximately $19 million. The terms of the tax phase-in allow SMC to gradually pay taxes on its construction while the city receives property taxes on land that would otherwise be undeveloped. SMC will save $2,602,646 in property taxes with the phase-in.
- What’s next: Construction is expected to begin in May and be completed by the end of September. With the expansion, SMC plans to add 163 new jobs by 2017 with the average wages and benefits being $62,732.