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459
<br />REGULAR MEETING DECEMBER 14, 1992
<br />WHEREAS, the Common Council of the City of South Bend, Indiana has adopted a
<br />Declaratory Resolution designating certain areas within the City as Economic
<br />Revitalization Areas for the purpose of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as 3601
<br />Lathrop and which is more particularly described as follows:
<br />A part of the Southeast Quarter of Section 28, Township 38 North, Range 2 East
<br />of the Second Principal Meridian, German Township, St. Joseph County, Indiana
<br />and described as follows:
<br />Commencing at the Southeast corner of said Section 28 said point being at the
<br />intersection of centerlines of Bendix Drive and Lathrop Street, thence North
<br />90 -00 -00 West (bearing assumed along the South line of the Southeast quarter of
<br />said Section 28 (being along the centerline of Lathrop 1423.75 feet; thence
<br />North 00 -05 -56 East, 40.00 feet to the point of beginning; thence North 90 -00 -00
<br />West 454.93 feet; thence North 00 -05 -56 East 803.76 feet; thence North 45 -40 -30
<br />East, 143.40 feet; thence North 44 -29 -49 East, 191.12 feet to the South line of
<br />40' easement granted to C.S.S. and South Bend Railroad; thence South 45 -02 -33
<br />East along the said southerly easement 202.36 feet; thence South 00 -16 -23 East,
<br />606.98 feet; thence South 00 -05 -56 West, 360.20 feet to the point of beginning
<br />and containing 10.226 acres more or less and is subject to easements,
<br />restrictions and or covenants of record.
<br />with said real estate having the following Key No. 25 1010040028 as an Economic
<br />Revitalization Area; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public
<br />hearing before the Council has been published pursuant to Indiana Code
<br />6- 1.1- 12- .1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all
<br />remonstrances and objections from interested persons; and
<br />WHEREAS, the Council has determined that the qualifications for an economic
<br />revitalization area have been met.
<br />Now, therefore, be it resolved by the Common Council of the City of South Bend,
<br />Indiana, as follows.
<br />Section I. The Common Council hereby confirms its Declaratory Resolution
<br />designating the area described herein as an Economic Revitalization Area for the
<br />purposes of tax abatement. Such designation is for Real Property tax abatement only
<br />and is limited to two (2) calendar years from the date of adoption of the
<br />Declaratory Resolution by the Common Council.
<br />Section II. The Common Council hereby determines that the property owner is
<br />qualified for and is granted real property tax deduction for a period of six (6)
<br />years, and further determines that the petition complies with Chapter 2, Article 6,
<br />of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq.
<br />Section III. This Resolution shall be in full force and effect from and after
<br />its adoption by the Common Council and approval by the Mayor.
<br />/s/ Stephen Luecke
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Ernest Szarwark,
<br />attorney, made the presentation for the bill. He indicated the petitioner was the
<br />owners of the property which was leased to North American Signs, who install
<br />maintain and repair signs. Council Member Coleman made a motion to adopt this
<br />resolution, seconded by Council Member Kelly. The resolution was adopted by a roll
<br />call vote of nine ayes.
<br />RESOLUTION NO. 1998 -92 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
<br />DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND,
<br />INDIANA, COMMONLY KNOWN AS 502 S. FELLOWS AND 423 EAST SOUTH
<br />STREETS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
<br />TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR MONROE PARK
<br />APARTMENT, L.P.
<br />Whereas, a petition for real property tax abatement has been filed with the
<br />City Clerk for consideration by the Common Council of the City of South Bend,
<br />Indiana, requesting that the area commonly known as 502 S. Fellows and 423 East
<br />South streets, South Bend, Indiana, and which is more particularly described as
<br />follows:
<br />A parcel of land in the east half of the southwest quarter of Section 12,
<br />Township 37 north, Range 2 east, Portage Township, in the City of South Bend,
<br />St. Joseph County, Indiana, being lots 2, 3, and 4 of Jodon's subdivision as
<br />recorded in book 3, page 12 at the St. Joseph County Recorder's Office in South
<br />Bend, Indiana.
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