06-26-00 Council Meeting Minutes

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REGULAR MEETING JUNE 26, 2000 degrees 00 minutes 00 seconds West 540.00 feet along the South line of said Section; thence North 0 degrees 00 minutes 00 seconds West 640.00 feet to the point of beginning of this description; thence South 90 degrees 00 minutes 00 seconds West 447.97 feet; thence North 0 degrees 10 minutes 55 seconds East 151.26 feet; thence Southeasterly 34.57 feet along an arc to the left having a radius of 480.0 feet and subtended by a long chord having a bearing of South 87 degrees 58 minutes 20 seconds East and a length of 34.56 feet; thence South 90 degrees 00 minutes 00 seconds East 412.96 feet; thence South 0 degrees 00 minutes 00 seconds West 150.03 feet to the point of beginning. Subject to legal highways. PARCEL III: A part of the Southeast Quarter of Section Twenty -eight (28), Township Thirty-eight (38) North, Range Two (2) East, St. Joseph County, Indiana, described as follows: Commencing at the Southeast corner of said Section; thence North 90 degrees 00 minutes 00 seconds West 540.00 feet along the South line of said Section; thence North 00 degrees 00 minutes 00 seconds West 40.00 feet to the point of beginning of this description; thence North 00 degrees 00 minutes 00 seconds West 750.03 feet; thence North 90 degrees 00 minutes 00 seconds East 44.05 feet; thence Easterly 25.96 feet along an arc to the right having a radius of 506.47 feet and subtended by a long chord having a bearing of South 88 degrees 31 minutes 54 seconds East and a length of 25.96 feet; thence South 00 degrees 00 minutes 00 seconds West 749.36 feet; thence North 90 degrees 00 minutes 00 seconds West 70.00 feet to the point of beginning. Subject to legal highways. and which has Key Number 25- 1010 -0409, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal Property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal Property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et seq.