06-25-90 Council Meeting Minutes

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5.5 (Lots 1 & 2 of the Proposed and unrecorded subdivision Michiana Regional Industrial Park, Cleveland and Brick Roads at the Bypass, U.S. 31 North, St. Joseph County Indiana) 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 ten (10) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. s /Thomas Zakrzewski Member of the Common Council RESOLUTION NO. 1796 -90 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA 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 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PENZ REALTY /pENZ ENTERPRISES, INC. /PENZ PRODUCTS, INC. WHEREAS, the CommonCouncil of the City of South Bend, Indiana has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated 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 and which is more particularly describe 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 this 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 a 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 of 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 haninnin.