10-28-85 Council Meeting Minutes

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REGULAR MEETING OCTOBER 28, 1985 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. That 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 real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council A public hearing was held on the resolution. Charles Boynton, attorney, indicated that Monte and Betty Wechter proposed to purchase and renovate a building located at 917 South Chapin, which will be leased to Midwest Sales and Service. he indicated fifteen full -time and three part -time jobs will be maintained, and three full -time jobs will be created. Council Member Taylor made a motion to adopt this resolution, seconded by Council Member Serge. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1362 -85 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 746 SOUTH ARNOLD TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT. WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 746 South Arnold and more particularly described by a line drawn as follows: That part of Bank Outlot 104 of the Second Plat of Outlots of the Town, now City of South Bend, platted by the State Bank of Indiana bounded as follows: Commencing at a point at the intersection of the east line of Arnold Street and the north line of Sample Street; thence north along the east line of Arnold Street a distance of 472.37 feet to the true place of beginning, thence along a line having a deflection angle of 90 degrees 7 minutes 30 seconds to the right, a distance of 201.44 feet; thence along a line having a deflection angle of 90 degrees 07 minutes to the left, a distance of 387.02 feet; thence along a line have a deflection angle of 89 degrees 47 minutes to the left, a distance of 201.40 feet to the east line of Arnold Street; thence south along a line having a deflection angle of 90 degrees 13 minutes 30 seconds to the left, a distance of 3.87.37 feet to the point of beginning. Subject however to two easements reserved and granted by deed recorded in deed record 639, page 96 and 98, said deed covering the conveyance of adjacent property to the east and south by within named grantor. An easement to adjacent owner for ingress and egress (but not exclusive of the right of joint use thereof by the fee owner, its successors and assigns for the same purposes) over the following described tract: Commencing at the point of intersection of the north right -of -way line of Sample Street with the east right -of -way line of Arnold Street a distance of 472.37 feet; thence easterly along a line with a reflection angle of 90 degrees 7 minutes 30 seconds right, a distance of 201.44 feet to the point of beginning; thence northerly along a line with a deflection angle of 90 degrees 7 minutes left a distance of 387.02 feet; thence westerly along a line with a deflection angle of 90 degrees 47 minutes left, a distance of 18 feet; thence southerly along a line with a deflection angle of 90 degrees 12 minutes left, said line being also the east face of the existing Print Shop, a distance of 387.45 feet; thence easterly along a line with a deflection angle of 89 degrees 54 minutes left, a distance of 17.95 feet to the point of beginning. Also, an easement and right -of -way for ingress and egress to the above described tract, (but not exclusive of the right of joint use thereof by adjacent owner, its successors and assigns, for the same purposes), over the following described tract on adjacent property: Commencing at the point of intersection of the north right -of -way line of Sample Street with the east right -of -way line of Arnold Street; thence northerly along and with the east right -of -way line of Arnold Street a distance of 472.37 feet; thence easterly along a line with a deflection angle of 90 degrees 07 minutes 30