02-09-87 Council Meeting Minutes

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l' Y REGULAR MEETING FEBRUARY 9, 1987 1.802 acres more or less and is subject to restrictions and or covenants of record to be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq.; and WHEREAS, the Redevelopment Commission has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq., and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. That 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 II. That this designation of this area shall be limited to two (2) calendar years from the date of the adoption of this resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. The abatement reduction shall be for six years. This determination is made under the authorization of I.C. 6 -1 -1- 12.1 -3. SECTION V. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s /Joseph T. Serge Member of the Common Council RESOLUTION NO. 1470 -87 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 3636 GAGNON AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT. 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 3636 Gagnon, South Bend, Indiana, and which is more particularly described by a line drawn as follows: A part of the northeast quarter of Section 28, Township 38, Range 2 east, City of South Bend, Indiana and described as follows: Commencing at the southeast corner of the northeast quarter of said section 38 said point being at the intersection of the centerlines of Boland and Bendix Drives, thence south 89058156" west (bearing assumed) along the south line of the northweast quarter of said section 38 (being along the centerline of Boland Drive) 1150.09 feet to a point at the intersection of Boland Drive with centerline of Kenmore Street; thence north 00000123" east along the said centerline of Kenmore Street; 579.86 feet; thence north 89059'37" west, 640.00 feet to the point of beginning; thence south 89058156" west, 424.01 feet; thence north 00092145" east, 784.81 feet; thence south 89059'37" east, 423.47 feet; thence south 0000123" west, 784.63 feet to the point of beginning and containing 7.634 acres more or less and is subject to easements, restrictions and or covenants of record. A part of the northeast quarter of section 28, township 38 north, range 2 east, City of South Bend, Indiana and described as follows: Commencing at the southeast corner of the northeast quarter of said section 28 said point being at the intersection of the centerlines of Boland and Bendix Drives, thence south 89058156" west (bearing assumed) along the south line of the nrotheast quarter of said section 28 (being along the centerline of Boland Drive) 1150.09 feet to a point at the intersection of Boland Drive with Centerline of Kenmore Street; thence north 00000123" east along the said centerline of Kenmore Street, 579.87 feeet; thence north 89059'37" west, 640.00 feet; thence south 89058156" west 424.01 feet to the point of beginning; thence continuing south 89058156" west, 100 feet; thence north 00002145" east, 784.85 feet; thence south 89059137" east, 100.00 feet thence south 00002145" west, 784.81 feet to the point of beginning and containing 1.802 acres more or less and is subject to restrictions and or covenants of record to be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq.; and