05-14-90 Council Meeting Minutes

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50IF-7 REGULAR MEETING MAY 14, 1990 described redevelopment or rehabilitation can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth as Sections I throug] II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits from prescribed by the State Board of Accounts are sufficien- to justify the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. SECTION IV. The Common Council hereby accepts the report and recommendation of thl 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 Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) 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, 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 it adoption by the Common Council and approval by the Mayor. s /Thomas Zakrzewski Member of the Common Council RESOLUTION NO. 1789 -90 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING CERTAIN AREAS WITHI THE CITY OF SOUTH BEND COMMONLY KNOWN AS LOTS 1 AND OF THE PROPOSED (UNRECORDED) MICHIANA REGIONAL INDUSTRIAL PARK WHICH IS LOCATED NEAR THE CLEVELAND ROAD INTERSECTION WITH BRICK ROAD AT THE U.S. 31 NORTH BY -PASS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PENZ REALTY /PENZ ENTERPRISES, INC. /PEN PRODUCTS, INC. WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common council of the City of South Bend, requesting that the area commonly known as Lots 1 and 2 of the proposed (unrecorded) Michiana Regional Industrial Park which is located near the Cleveland Road intersection with Brick Road at the U.S. 31 North By -Pass, South Bend, Indiana, and which is more particularly described as follows: A parcel of land being a part of the Southwest Quarter of Section 17, Township 38 North, Range 2 East in German Township, St. Joseph County Indiana and being more particularly described as follows: Commencing at the Southwest Quarter of said Section 17, thence North zero (0) degrees four (4) minutes three (3) seconds east (all bearings in this description are based on the East line of the Southwest Quarter of said Section 17, said line having an assumed bearing of North zero (0) degrees zero (0) minutes zero (0) seconds East) along the West line of said Southwest Quarter a distance of two hundred (200) feet to a point; said point being the true place of beginning of thie description; thence continuing North zero (0) degrees four (4) minutes three (3) seconds east along said West line a distance of four hundred (400) feet to a point thence South eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds East a distance of six hundred twenty -five (625) to a point; said point being thirty (30) feet West measured at right angles to the centerline of the proposed Michiana Drive; thence South parallel to said centerline of Michiana Drive approximately a distance of five hundred ten (510 + / -) feet to a point; said point being ninety (90 feet North measured at right angles to Brick Road; thence following a fifty foot radius from South to West to a point; said point being at the tangent between the fifty (50) foot radius and a parallel line being forty (40) feet North measured at right angles to the centerline of Brick Road; thence North eight -nine degrees thirty -nine (39) minutes six (6) seconds West a distance of approximately one hundred five (105 + / -) feet to a point; thence North zero (0) degrees twenty -two (22)minutes thirty -eight (38) seconds East a distance of one hundred sixty -five (165) feet to a point; thence North eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds West a distance of one hundred thirty -eight (138) feet to point; thence South zero (0) degrees twenty -two (22) minutes thirty -eight (38) seconds West a distance of one hundred sixty -five feet to a point; thence North eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds West a distance o sixty (60) feet to a point; thence North zero (0) degrees twenty -two (22) minutes thirty -eight (38) seconds East a distance of one hundred sixty (160) feet to a point; thence North eight -nine (89) degrees thirty -nine (39) minutes six (6) seconds West a distance of three hundred thirty (330) feet to the point of beginning. Containing 6.70 acres more or less.