Confirming Tax Abatement - Miles Distributors Inc. 2525 N. Foundation Dr. (3 Year Real Property)

Home Browse Search

RESOLUTION NO. a�75 -9y A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2525 N. FOUNDATION DRIVE, SOUTH BEND, IN, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR MILES DISTRIBUTORS, INC. a Declaratory Resolution designating certain areas within the City as Economic tion Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2525 N. Foundation Drive, South Bend, Indiana, and which is more particularly described as follows: A tract of land in the Southwest Quarter of Section 28, Township 38 North, Range 2 East, St. Joseph County, Indiana described as Lot 3-4 of Airport Industrial Park, Phase III, more particularly described as follows: Commencing at the Southeast corner of said Section 28; thence N 90o00'00" W a distance of 2642.71 feet on and along the South line of said Section; thence S 89x57133" W a distance of 171.27 feet along the South line of said Quarter Section; thence N 00000'47" E along the centerline of Foun- dation Drive a distance of 1090.00 feet, thence N 89059'13" W a distance of 40.00 feet to the West line of Foundation Drive and the true place of beginning, thence N 89059'13" W a distance of 450.00 feet; thence N Wo00'47" E a distance of 210.00 feet; thence S 89059'13" E a distance of 450.00 feet; thence S 00000'47" W a distance of 210.00 feet to the place of beginning. with said real estate having the following Key Number 25- 1010 - 040004, 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- 1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remon- strances 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. The Common Council hereby confirms its Declaratory Resolution designa- ting 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 two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. (Revised 11/26/90) Filed ?Ba cixweC`� „;ortsn (G 2Y(5 j�rfi