09-09-96 Council Meeting Minutes

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REGULAR MEETING reasonably expected to yield of Benefits set forth as Sect for Real Property Tax Abateme Statement of Benefits form pr Accounts are sufficient to ju Indiana Code 6 -1.1- 12.1 -3. SEPTEMBER 9, 1996 )enefits identified in the Statement _ons I through II of the Petition it Consideration and that the %scribed by the State Board of stify the deduction granted under SECTION IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Counc °1 hereby determines that the property owner is qualified f rand is granted property tax deduction for a period of six (6) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Roland Kelly Member of the Common Council RESOLUTION NO. 2402 -96 A R THE CER REV W OLUTION OF THE COMMON COUNCIL OF ITY OF SOUTH BEND DESIGNATING IN AREAS WITHIN THE CITY OF SOUTH COMMONLY KNOWN AS 2424 NORTH ATION DRIVE, AN ECONOMIC ALIZATION AREA FOR PURPOSES OF NAL PROPERTY TAX ABATEMENT FOR INDUSTRIES, INC. OF SOUTH BEND. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 2424 North Foundation Drive, South Bend, Indiana, and which is more particularly described as follows: A parcel of land in part of he south half of Section 28, Township 38 north range 2 ea t, German township, St. Joseph County, Indiana, described a follows: Commencing at the southeast corner of said Section; thence north 90 degrees 00 minutes 00 seconds west 2542.71 feet to the southeast corner of the southwest quarter of said section; thence south 89 degrees 00 minutes 47 seconds east 528.56 feet; thence south 89 degrees 59 minutes 13 seconds east 40 feet to the point of beginning of this description; thence north 0 degrees 00 minutes 47 seconds east 375.00 feet; thence south 89 degrees 59 minutes 13, seconds east 450.00 feet; thence south 0 degrees 00 minutes 47 seconds west 375.00 feet; thence north 89 degrees 59 minutes 13 seconds west 450.00 feet to the point of beginning and containing 3.874 acres, more or less. The bearing of the South lin� of the southeast quarter of section 28 is assumed north 90 degre s 00 minutes 00 seconds west.