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HomeMy WebLinkAboutConfirming Tax Abatement - Allied Products Corporation 601 W. Broadway St. (6 Year Real Property)Attest: RESOLUTION NO. 1647 -88 Passed by the Common Council of the City of South Bend, Indiana -. -M.T L Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana September 27, 19 88 Approved and signed by me September 27, 19 88 0 City Clerk Mayor RESOLUTION NO. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 601 WEST BROADWAY STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 6 YEAR REAL PROPERTY TAX ABATEMENT FOR ALLIED PRODUCTS CORPORATION 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 601 West Broadway Street and which is more particularly described as follows: Two parcels of land being parts of the Northeast Quarter of Section 14, Township 37 North, Range 2 East, in the City of South Bend, Portage Township, St. Joseph County, Indiana, and being more particularly described as follows: All of Lots Numbered Thirty -six (36) and Thirty -seven (37) in Samuel Stull's Second Addition to the City of South Bend, Indiana; ALSO, that part of said quarter- section more particularly described as commencing at the Southeast corner of Tract No. 4 of the Studebaker Corp. Replat as recorded in Plat Book 11, page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence North 0 014'00" West (bearing assumed) along the East line of said Tract No. 4 a distance of 247.35 feet to the point of beginning for this description; thence South 89 022'40" West along the South line of Broadway Street projected westerly a distance of 618.58 feet to the Southeast corner of a tract of land described in a deed to Allied Products Corp. and recorded in Deed Record 649, pages 497 -503 in said Office of the Recorder; thence North 0 001'19" East along the East line of said tract a distance of 1165.66 feet; thence North 89 055'34" West along the North line of said tract a distance of 279.27 feet to a Southeasterly corner of a tract of land described in a deed to Cummins Engine Company, Inc., and recorded in Deed Record 650, pages 173 -183 in said Office of the Recorder; thence North 0 004'26" East along an East line of said tract a distance of 145.04 feet to the Southwest corner of a parcel of land described in a deed to Indiana and Michigan Electric Company recorded in Deed Record 652, pages 427 -433 in said Office of the Recorder; thence South 89 050'26" East, along the South line of said parcel, a distance of 100.00 feet; thence North 0 004'26" East, along the East line of said parcel and an East line of a tract described in a deed to South Bend Lathe, Inc. recorded in Deed Record 659, pages 637 -640, a distance of 120.28 feet; thence South 89 °53'36" East along a South line of said tract a distance of 647.32 feet; thence South 12 °18'50" East along a Westerly line of said tract a distance of 162.12 feet to a point; thence North 89 °55'21" East along a South line of said tract a distance of 230.50 feet to the West line of Franklin Street; thence South 0 021'55" East along said West line of Franklin Street a distance of 374.67 feet to the South line of South Bend City Addition, as recorded in Plat Book 2, page 4 in said Office of the Recorder; thence South 0 005'20" East along the West line of Franklin Street a distance of 17.35 feet; thence South 88 058'45" West a distance of 121.36 feet to the East line of said Tract No. 4; thence South 0 114'00" East along said East line a distance of 870.90 feet to the point of beginning. Parcel 1: A part of the N.E. 1/4 of Section 14, Twp. 37 N., R. 2 E., more particularly described as follows: Commencing at the intersection of the North Line of the Michigan Central Railroad Right -of -Way and the East Line of Kendall Street, said point being the Southwest corner of Tract No. 4 of the Studebaker Corporation Replat, as recorded in Plat Book 11, Page 184, in the Office of the Recorder of St. Joseph County, Indiana; thence North along the East line of Kendall Street a distance of 233.93 feet to the intersection of said East line of Kendall Street with the South line of Broadway Street projected West; thence No. 89 022'40" E. along said South line of Broadway Street projected West, a distance of 149.32 ft. to the Point of Beginning; thence continuing No. 89 022'40" E. along said South line of Broadway Street projected west a distance of 505.85 ft. to a point; thence No. 00 001'19" E. a distance of 1165.66 ft. to a point; thence No. 89 055'34" W. a distance of 506.27 ft. to a point; thence S. 00 000'00" E. a distance of 1171.80 ft. to the point of beginning. Parcel 2: (a) Easement for the purpose of vehicular and pedestrian ingress and egress to and from Parcel 1, described as follows: A part of the Northeast Quarter of Section 14, Township 37 North, Range 2 East, more particularly described as follows: Commencing at the intersection of the North line of the Michigan Central Railroad Right -of -Way and the East line of Kendall Street, said point being the Southwest corner of Tract No. 4 of the Studebaker Corporation Replat, as recorded in Plat Book 11, Page 184, in the Office of the Recorder of St. Joseph County, Indiana; thence North along the East line of Kendall Street a distance of 233.93 ft. to the intersection of said East line of Kendall Street with the South line of Broadway Street projected West; thence No. 89 022'40" E. along said South line of Broadway Street projected West a distance of 655.17 feet for a point of beginning; thence continuing N. 89 022'40" E. along said South line of Broadway Street projected West a distance of 736.86 ft. to the West line of Franklin Street; thence Northerly along the said West line of Franklin Street a distance of 74.25 ft. to its intersection with the North line of Broadway Street projected West; thence S. 89 022'40" W. along the said North line of Broadway Street projected West a distance of 736.82 ft. to a point; thence S. 00 °01'19" W. a distance of 74.26 ft. to the point of beginning. (b) Easement for storm and sanitary sewer drainage purposes from Parcel 1, described as follows: -2- A part of the Northeast Quarter (1/4) of Section 14, Township 37 North, Range 2 East, more particularly described as follows: Beginning at a point 1,402.35 feet North and 149.69 feet East of the S.W. corner of Tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, Page 184 in the Office of the Recorder of St. Joseph County, Indiana, said line being also the intersection of the North Line of the Michigan Central Railroad right -of -way and the East line of Kendall Street; thence S. 00 °00'00" E. a distance of 20.00 feet to a point; thence N. 89 055'34" W. a distance of 203.89 feet to a point; thence N. 00 000'00" E. a distance of 179.52 feet to a point; thence N. 88 030'58" W. a distance of 298.17 feet to the Easterly line of Prairie Avenue, said line being also the Westerly line of Tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence N. 28 014'42" E. along said Easterly line of Prairie Avenue a distance of 22.40 feet to a point; thence S. 88 030'58" E. a distance of 307.59 feet to a point; thence S. 00 000'00" E. a distance of 179.03 feet to a point; thence S. 89 055'34" E. a distance of 183.86 feet to the point of beginning. Also a part of the N.E. 1/4 of Section 14, Twp. 37 N., R. 2 E., more particularly described as follows: Beginning at a point 298.27 feet North and 149.69 feet East of the S.W. corner of tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, Page 184 in the Office of the Recorder of St. Joseph County, Indiana, said line being also the intersection of the North line of the Michigan Central Railroad right -of -way and the East line of Kendall Street; thence N. 00 000'00" E. a distance of 20.00 feet to a point; thence N. 89 044'51" W. a distance of 149.18 feet to the E. line of Kendall Street, said line being also the Westerly line of Tract No. 4 of the Studebaker Corporation Replat, as recorded in Plat Book 11, Page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence Southerly along the said E. line of Kendall Street a distance of 20.00 feet to a point; thence S. 89 °44'51" E. a distance of 149.21 feet to the point of beginning. (c) Easement for use of railroad purposes to and from Parcel 1, described as follows: A part of the Northeast Quarter (1/4) of Section 14, Township 37 North, Range 2 East, more particularly described as follows: Beginning at the intersection of the North line of the Michigan Central Railroad right -of -way and the East line of Kendall Street, said point being the S.W. Corner of Tract No. 4 of the Studebaker Corporation Replat, as recorded in the Plat Book 11, page 184 in the Office of the Recorder of St. Joseph County, Indiana; thence North along the East line of Kendall Street a distance of 29.90 feet for a point of beginning; thence continuing North on the said East line of Kendall Street a distance of 25.00 feet; thence No. 89 040'37" E. a distance of 41.80 feet to the point of curvature of a curve concave to the Northwest and having a central angel of 77 011'29" and a radius of 233.09 feet; thence Northeasterly along -3- said curve an arc distance of 314.03 feet to the South line of Broadway Street projected West; thence N. 89 022'40" E. along said South line a distance of 34.50 feet to its intersection with a curve concave to the Northwest and having a central angle of 20 012'58" and a radius of 360.95 feet; thence Southwesterly along said last described curve an arc distance of 127.36 feet to the point of compound curvature with a curve concave to the Northwest and having a central angle of 20 012'00" and a radius of 258.09 feet; thence Southwesterly along said last described curve an arc distance of 91.21 feet to its intersection with a curve concave to the Northwest and having a central angle of 9 029'12" and a radius of 716.78 feet; thence Northeasterly along said last described curve an arc distance of 118.68 feet to the point of compound curvature with a curve concave to the Northwest and having a central angle of 35 045'48" and a radius of 270.30 feet; thence Northeasterly along said last described curve an arc distance of 168.72 feet to the aforesaid South line of Broadway Street projected West; thence N. 89 022'40" E. along said South line a distance of 27.40 feet to its intersection with a curve concave to the Northwest and having a central angle of 28 036'51" and a radius of 295.30 feet; thence Southwesterly along said last described curve an arc distance of 147.48 feet to its intersection with a line having a bearing of N. 67 022'40" E.; thence N. 67 022'40" E. along said line a distance of 183.62 feet to the point of curvature of a curve concave to the Northwest and having a central angle of 10 °09'21" and having a radius of 347.70 feet; thence Northeasterly along said last described curve an arc distance of 61.63 feet to the aforesaid South line of Broadway Street projected West; thence N. 89 022'40" E. along said South line a distance of 67.07 feet; thence S. 67 022'40" W. a distance of 294.02 feet to the point of curvature of a curve concave to the Northwest and having a central angle of 27 117'57" and a radius of 658.57 feet; thence Southwesterly along said last described curve an arc distance of 313.92 feet to the point of tangency of said curve; thence S. 89 040'37" W. a distance of 53.02 feet to the point of beginning. All of the foregoing being situated in the City of South Bend, County of St. Joseph, State of Indiana. 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 confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tag abatement. Such designation is for real property tag abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. -4- 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 six (6) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Membe of the Common Council 8378J ed jr, Cierk's Office SEP 21 1988�e�q PRESENTED -� 6 - & IREN GAO�Q�tO� NOT APPROVED UfRK, O� 601)1) ADOPTED 9 -.;:?