|
REGULAR MEETING
<br />SEPTEMBER 24, 2007
<br />said West line of Walnut Street, 479.91 feet; thence South 89 54' 12" West, 725.03 feet;
<br />thence South 61 54' 12" West, 42.91 feet; thence South 89 23'32" West 437.13 feet;
<br />thence North 0 00'49" West parallel with said West line of Walnut Street, 504.26 feet;
<br />thence North 89 55'05" East, 1200 feet to the place of beginning.
<br />A tract of land in the City of South Bend, County of St. Joseph, and State of
<br />Indiana, situated in the Northwest'/4 of Section 14, and the Northeast'/4 of Section 15,
<br />Township 37 North, Range 2 East, bounded by the following described line: Beginning
<br />at a point in the West line of Walnut Street, 682.75 feet south of the South line of Sample
<br />Street, which point is 31 feet South of the South line of the Sanders and Egbert Tract, as
<br />conveyed by deeds recorded in Deed Record 118, page 428 and Deed Record 121, page
<br />320; thence on an assumed bearing of South 0 00'49" East along said West line of
<br />Walnut Street, 556.95 feet; thence South 89 55'05" West, 1200 feet; thence North 0
<br />00'49" West parallel with said West line of Walnut Street, 589.19 feet to a point 651.75
<br />feet South of the South line of Sample Street or the produced South line of the tract
<br />conveyed of F.C. Raff, recorded in Deed Record 172 page 641; thence South 89 57' 10"
<br />East along the South line above described tract produced East, 295 feet; thence South 0
<br />00'49" East parallel with the West line of Walnut Street, 31 feet; thence North 89 57' 16"
<br />East, 905 feet to the place of beginning, containing 15.565 acres, more or less.
<br />and which have Key Numbers 18-8021-0845.03 and 18-8021-0845.04 as an Economic
<br />Revitalization Area, and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public
<br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5;
<br />and
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all
<br />remonstrance's and objections from interested persons; and
<br />WHEREAS, the Council has determined that the qualifications for an economic
<br />revitalization area have been met
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
<br />South Bend, Indiana, as follows:
<br />SECTION L The Common Council hereby confirms its Declaratory Resolution
<br />designating the area described herein as an Economic Revitalization Area for the
<br />Purposes of tax abatement. Such designation is for Personal property tax abatement only
<br />and is limited to two (2) calendar years from the date of adoption of the Declaratory
<br />Resolution by the Common Council.
<br />SECTION IL The Common Council hereby determines that the property owner is
<br />qualified for and is granted Personal property tax deduction for a period of five (5) years,
<br />and further determines that the petition complies with Chapter 2, Article 6, of the
<br />Municipal Code of the City of South Bend, and Indiana Code 6-1.1-12 et seq.
<br />SECTION III. This Resolution shall be in full force and effect from and after its
<br />adoption by the Common Council and approved by the Mayor.
<br />s/Timothy A. Rouse
<br />Member of the Common Council
<br />Mr. Gerald Lerman, Vice-President/Treasurer, Steel Warehouse Company LLC, South
<br />Bend, Indiana, made the presentation on these resolutions.
<br />Mr. Lerman advised that Steel Warehouse Company LLC is a steel service center with a
<br />primary focus on flat rolled, low carbon steel with operations involving slitting, leveling,
<br />pickling, shearing, temper rolling, and cold reducing. The petitioner also supplies
<br />profiling parts through its plasma and laser cutting operations. In connection with its
<br />24
<br />
|