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REGULAR MEETING MAY 14, 1984
<br />tangent line, a distance of 175.60 feet to a point of curve; thence along a
<br />curve to the right, an arc distance of 170.42 feet, said curve having a radius
<br />of 523.66 feet and being subtended by a chord of 169.67 feet which bears North.
<br />860- 05' -27" East; thence South 840- 35' -10" East, a distance of 56.24 feet to
<br />the West line of a tract conveyed to South Bend Tribune Corp. by Warranty Deed
<br />recorded in Deed Record 823, p. 386 in said Recorder's Office; thence North 0
<br />43' -50" East, along said West line a distance of 7.30 feet; thence North 590-
<br />05'-32" East along the northwesterly line of said tract, a distance of 325.48
<br />feet to the most westerly corner of a tract Quit - claimed to Indiana Bell Telephone
<br />Co., Inc., in Deed Record 665 p. 463; thence North 28048' -14" East,_along the
<br />northwesterly line of said Indiana Bell parcel, a distance of 228.26 feet;
<br />thence North 610- 46' -50" West, a distance of 309.05 feet, to a point which
<br />bears South 610- 46' -50" East, a distance of 28.00 feet from the most southerly
<br />corner of said Penn Central Quit -claim parcel described in document numbered
<br />8103153; thence North 280- 15' -41" East, parallel with a southeasterly line of
<br />said parcel, a distance of 998.17 feet, to a point on a southerly line of said
<br />Penn Central parcel; thence South 890- 58' -10" East, along said southerly line,
<br />a distance of 212.73 feet; thence South-890-461-31" East, along a southerly
<br />line of said parcel, a distance of 558.69 feet to said westerly line of Prairie
<br />Avenue; thence North 280- 06' -58" East, along said westerly line to the point of
<br />beginning, containing 18.21 acres, more or less..
<br />designated as an Economic Revitalization Area under the provisions.of Indiana
<br />e 6 -1.1- 12.1 -2, et seq.; and
<br />WHEREAS, the Redevelopment Commission has concluded an investigation and prepared
<br />report with information sufficient for the Common Council to determine that the
<br />ea qualifies as an Economic Revitalization Area under Indiana Code 6- 1.1- 12.1 -1,
<br />seq., and has further prepared maps and plats showing the boundaries and such
<br />her information as required by law of,the area in question; and
<br />WHEREAS, the Human Resources and Economic Development Committee of the Common
<br />uncil has reviewed said report and recommended to the Common Council that the area
<br />alifies as an Economic Revitalization Area.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. That the Common Council hereby accepts the report and recommendation
<br />of the Human Resources and Economic Development Committee that the area herein
<br />escribed be designated an Economic Revitalization Area and hereby adopts a resolution
<br />esignating this area as an Economic Revitalization Area for purpoes of real property
<br />ax abatement.
<br />SECTION II. That this designation shall be limited to five (5) calendar years
<br />rom the date of the adoption of this Resolution by the Common Council.
<br />SECTION III. That the Common Council directs the City Clerk to cause notice of
<br />the adoption of this resolution to be published, said publication providing notice
<br />f the public hearing before lthe Common Council on said declaration.
<br />SECTION IV. This resolution shall be in full force and effect from and after
<br />'ts adoption by the Common Council and approval by the Mayor.
<br />/s/ Beverlie J. Beck
<br />Member of the Common Council
<br />public hearing was held on the resolutions at this time. Jack Dunfee, attorney
<br />or the petitioner, indicated this proposed project will consist of an estimated
<br />1,300,000 in real property development and an additional $1,864,000 in new equipment.
<br />e indicated the project will create 75 -200 new permanent jobs. He indicated the
<br />roperty is not currently in any improvement areas of the City but the parcel met
<br />he statuatory criteria due to its proximity to the Studebaker Corridor. Council
<br />ember Voorde made a motion to adopt Resolution No. 1142 -84, seconded by Council
<br />ember Zakrzewski. The resolution was adopted by a roll call vote of nine ayes.
<br />ouncil Member Voorde made a motion to adopt_ Resolution No. 1143 -84, seconded by
<br />ouncil Member Zakrzewski. The resoluton was adopted by a roll call vote of nine
<br />yes.
<br />ION NO. 1144 -84
<br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH
<br />BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY
<br />KNOWN AS 316 -E. MONROE AN ECONOMIC REVITALIZATION AREA FOR
<br />PURPOSES OF REAL PROPERTY TAX ABATEMENT.
<br />WHEREAS, a petition for real property tax abatement consideration has been
<br />iled with the Common Council of the City of South Bend, requesting that the area
<br />ommonly known as 316 E. Monroe, South Bend, Indiana, and which is more particularly
<br />escribed by a line drawn as follows:
<br />A parcel of land being lots 4,5,6,8, 9, and 10, and a vacated 10 foot wide
<br />alley lying adjacent to said Lot 8, in George R. Hudson's Subdivision of parts
<br />of lots 19 and 20 in Denniston and Fellow's Addition, South Bend, Indiana, and
<br />being more particularly described as follows, viz:
<br />1
<br />1
<br />[1
<br />1
<br />
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