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11-23-87 Council Meeting Minutes
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11-23-87 Council Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
11/23/1987
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t'. <br />(C) If the proposed redevelopment or rehabilitation occurs, the deduction is <br />granted, and a deduction percentage of fifty percent (50 %) is assumed, the <br />approximate current year tax rate for the City would be 15.0773. <br />SECTION III. That the Common Council hereby determines and finds that the <br />proposed described redevelopment or rehabilitation can be reasonably expected to <br />yield the benefits identified in the statement of benefits set forth as sections 1 <br />through 3 of the Petition for Real Property Tax Abatement Consideration and that the <br />statement of benefits is sufficient to justify the deduction granted under Section <br />6 -1.1- 12.1 -3 of the Indiana Code. <br />SECTION IV. That the Common Council hereby accepts the report and <br />recommendation of the Human Resources and Economic Development Committee that the <br />area herein described be designated an Economic Revitalization Area and hereby <br />adopts a resolution designating this area as an Economic Revitalization Area for <br />purposes of real property tax abatement. <br />SECTION V. That the designation as an Economic Revitalization Area shall be <br />limited to two (2) calendar years from the date of the adoption of this resolution <br />by the Common Council. <br />SECTION VI. That the Common Council hereby determines that the property owner <br />is qualified for and is granted property tax deduction for a period of ten years. <br />SECTION VII. 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 /Joseph T. Serge <br />Member of the Common Council <br />RESOLUTION NO. 1553 -87 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH <br />BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY <br />KNOWN AS 3602 WEST SAMPLE STREET AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY <br />TAX ABATEMENT. <br />WHEREAS, a petition for personal property tax abatement consideration has been <br />filed with the Common Council of the City of South Bend, requesting that the area <br />commonly known as 3602 West Sample Street, South Bend, Indiana, and which is more <br />particularly described by a line drawn as follows: <br />PARCEL 1 A Part of the Northeast Quarter, Section 16, Township 37 North, Range <br />2 East, 2nd P.M., in the City of South Bend, Saint Joseph County, Indiana and <br />also being a part of the land of the Torrington Company, a Delaware Corporation <br />(Book 768, page 163 and Book 709, pages 559 and 560, Office of the Recorder) <br />containing 5.118 acres and more particularly described as follows: <br />Beginning at a point which is 40.0 feet South of the Northwest corner of the <br />East Half of the Northeast Quarter of said section, said point being also on the <br />South Right -of -Way line of Sample Street; thence S 00 03'W (the bearing of said <br />South Right -of -Way line is assumed due East -West) a distance of 395.6 feet <br />thence N 90 00'W a distance of 9.00 feet; thence S 0 03'W a distance of 465.0 <br />feet; thence N 90 001W a distance of 39.87 feet to the Easterly Right -of -Way of <br />the New Jersey, Indiana and Illinois Railroad Company; thence N 21 441W a <br />distance of 47.18 feet; thence Northwesterly, along the arc of a curve to the <br />left, having a radius of 487.15 feet; a central angle of 45 25' 16" and a chord <br />of 376.15 feet, a distance of 386.19 feet; thence N 00 031E a distance of 548.22 <br />feet to the South Right -of -Way line of Sample Street; thence S 90 001E on said <br />Right -of -Way line a distance of 330.00 feet to the point of beginning. <br />and <br />PARCEL 2 A part of the Northeast Quarter, Section 16, Township 37 North, Range <br />2 East, 2nd P.M., in the City of South Bend, Saint Joseph County, Indiana and <br />also being a part of the land of the Torrington Company, a Delaware Corporation <br />(Book 709, pages 559, 560, and 561, Office of the Recorder) containing 3.067 <br />acres; and more particularly described as follows: <br />Beginning at a point 900.6 feet South of the North line of Section 16, and <br />1390.55 feet East of the East line of Sheridan Avenue, which point is on the <br />North line of proposed Industrial Avenue and on the Westerly line of an 18 foot <br />railroad spur Right -of -Way for track 2; thence S 21 29'E a distance of 123.45 <br />feet along said Right -of -Way to a point of tangency of a curve to the left, and <br />which Right -of -Way line is at all points 9.0 feet Westerly, at right angles from <br />the center line of spur tract Number 2 of said Railroad, said curve is more <br />particularly defined by the following 4 courses running along said right of way <br />Southeasterly from the point of tangency and measured along chords to said <br />curve, viz: S 19 41'for a distance of 60.0 feet; thence S 22 54'E a distance of <br />100.0 feet; thence S 37 141E a distance of 100.0 feet; thence S 53 52'E a <br />distance of 100.0 feet to the North Right -of Way line of spur tract Number 1 of <br />said railroad company, thence N 89 51'W a distance of 364.44 feet along said <br />Northern Right -of -Way line of spur tract Number 1; thence N 00 03'E a distance <br />of 364.38 feet; thence N 89 57'W a distance of 128.91 feet; thence N 00 021W a <br />distance of 318.24 feet; thence S 89 13'W a distance of 13.76 feet; thence N 00 <br />031E a distance of 11.76 feet to the Westerly Right -of -Way <br />
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