10-27-86 Council Meeting Minutes

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iti YLaQ of the right of way now or formerly owned by said St. Joseph, South Bend and Southern Railroad by said St. Joseph, South Bend and Southern Railroad Company; thence East along the South right of way a distance of 1326.95 feet to the East line of said Southwest Quarter (1/4) of said Northwest Quarter (1/4) (which point is in the center line of Kaley Street); thence South along said East line of said Southwest Quarter (1/4) of said Northwest Quarter (1/4) a distance of 402.90 feet to the point of beginning. PARCEL VI - Beginning at a point on the West line of Kaley Street at the intersection of the South right of way line of St. Joseph, South Bend and Southern Railroad, thence South along the West line of Kaley Street, Four Hundred Two and Ninety- Hundredths (402.90) feet, more or less to the East -West center line of Section 15, Township 37 North, Range 3 East; thence East on said East -West center line Thirty (30) feet to the center line of Kaley Street; thence North along said center line Twenty -Six and Fifty Hundredths (26.50) feet; thence East parallel with said East -West center line of Section 15, Thirty (30) feet to the East line of Kaley Street; thence North Three Hundred Seventy -Six and Four Hundredths (376.40) feet, more or less, to said South right of way line of the St. Joseph, South Bend and Southern Railroad; thence West along said right of way line Sixty (60) feet to the place of beginning. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2 -5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and 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 ten (10) 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 RESOLUTION NO. 14 -KO -86 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1507 SOUTH OLIVE 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 1507 South Olive, and more particularly described by a line drawn as follows: PARCEL I - A lot or parcel of land situated in the West Half (1/2) of the Southeast Quarter (1/4) of the Northwest Quarter (1/4) of Section 15, Township 37 North, Range 2 East, described as follows: Beginning at the point of intersection of the South line of the St. Joseph, South Bend and Southern Railroad Company's right of way with the East line of the aforesaid West Half (1/2) of the Southeast Quarter (1/4) of the Northwest Quarter (1/4) of said Section 15, said point of beginning being Four Hundred Eleven and Six tenths (411.6) feet North of and Six Hundred Sixty -Five and Two Tenths (665.2) feet West of the center of said Section 15; thence running West along the South line of the right of way of said St. Joseph, South Bend and Southern Railroad Company, Six Hundred Sixty -Two and Forty -Eight Hundredths (662.48) feet, more or less, to the West line of the aforesaid West Half (1/2) of the Southeast Quarter (1/4) of the Northwest Quarter (1/4) of Section 15; thence south along last mentioned line, two Hundred One and Forty -Five Hundredths (201.45( feet; thence East Six Hundred Sixty -Two and Seventy -Four Hundredths (662.74) feet more or less, to the East line of the aforesaid West Half (1/2) of the Southeast Quarter (1/4) of the Northwest Quarter (1/4) of said Section 15; thence North along said last mentioned line Two Hundred Three and Seventy -five Hundredths (203.75) feet a to the place of beginning.