Confirming Tax Abatement - Rick E. & Vickie D. Newman Lot 4 Toll Road Industrial Park (3 Year Real Property)

Home Browse Search

RESOLUTION NO. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOT 4, TOLL ROAD INDUSTRIAL PARK TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR RICK E. AND VICKIE D. NEWMAN WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as Lot 4, Toll Road Industrial Park and which is more particularly described as follows: That part of the northeast Quarter of section 21, T. 38 N., R. 2 E., German Township, City of South Bend, St. Joseph County, Indiana which is described as: beginning at a point on the East line of said section which is N. 00° - 50' -42" W., 315.78 ft. from a stone marking the East Quarter post of said section; thence S. 88° - 53' -01" W., 347.61 ft. to the East line of William Richardson Court; thence along said East line N. 00° - 59' -02" W., 4.91 ft.; thence around a 60.00 ft. radius curve to the left an are distance of 52.86 ft. to the end of a chord which bears N. 26° - 13' -24" W. and having a distance of 51.17 ft.; thence around a 50.00 ft. radius curve to the right an arc distance of 44.05 ft. to the end of a chord which bears N. 26° - 13' -24" W. and having a distance of 42.64 ft.; thence N. 00° - 59' -02" W., 255.14 ft.; thence N. 88° - 53' -01" E., 388.45 ft. to the East line of said section; thence along said East line S. 00° - 50' -42" E., 345.00 ft. to the point of beginning. Containing 3.0283 acres with said real estate having the following Key No.: 25- 1013 -0216, 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. The Common Council hereby confnms 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 two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of three (3) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption