04-10-00 Council Meeting Minutes

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REGULAR MEETING APRIL 10, 2000 WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 3702 West Progress Drive, South Bend, Indiana, and which is more particularly described as follows: A parcel of land in the East half of Section Thirty -three (33), Township Thirty -eight (38) North, Range Two (2) East, and part of the City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Commencing at a brass plug at the center of Section Thirty -three (33), Township Thirty -eight (38) North, Range Two (2) East; thence North Zero Degrees, Zero Minutes, Zero Seconds East (N 0 degrees 00'00" E) along the center line of said Section Thirty -three (33) a distance of One Hundred Thirty -five and Eighteen Hundredths (135.18) feet to the South line of Progress Drive, extended West; thence South Eighty -nine Degrees, Forty Minutes, Nine Seconds East (S 89 degrees 40'09" E) along said South line of Progress Drive a distance of Four Hundred Forty and Zero Hundredths (440.00) feet to the point of beginning, said point being the Northeast corner of a tract heretofore conveyed to Canteen Corporation, Inc.; thence South Zero Degrees, Nineteen Minutes, Fifty -one Seconds West (S 0 degrees 19'51" W) a distance of Two Hundred Forty and Zero Hundredths (240.00) feet; thence South Eighty -nine Degrees, Forty Minutes, Nine Seconds East (S 89 degrees 40'09" E) a distance of Four Hundred Twenty -nine and Eighty -seven Hundredths (429.87) feet to a point on the West line of a tract heretofore conveyed to Woodworth Storage and Transfer, Inc.; thence North Zero Degrees, Eighteen Minutes, Fifty -one Seconds East (N 0 degrees 18'51" E) a distance of Two Hundred Forty and Forty-three Hundredths (240.43) feet to the South line of Progress Drive; thence North Eighty -nine Degrees, Forty Minutes, Nine Seconds West (N 89 degrees 40'09" W) a Distance of Four Hundred Thirty and Zero Hundredths (430.00) feet to the point of Beginning. and which has Key Number 18- 2184 - 693809 and 25- 1006 -0299, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et seg., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et seg., and South Bend Municipal Code Sections 2 -76, et seg., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6 -1.1- 12.1 -4.5 et. sea., that: a. The estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type;