Confirming Tax Abatement - Bangor Refrigeration Corp. 3620 W. McGill Ct. (5 Year Personal Property)

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RESOLUTION NO. LLJq -sW A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 3620 WEST McGILL COURT TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR BANGOR REFRIGERATION CORP. 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 3620 West McGill and which is more particularly described as follows: A part of the Northeast Quarter of Section 38, Township 38 North, Range 2 East, of the City of South Bend, German Township, St. Joseph County, Indiana, and described as follows: Commencing at the Northeast corner of said Section 28; thence South 89048'05" West along the North line of said Quarter Section, 1305.00 feet; thence South 00000'23" West along the centerline of Kenmore Street, 363.70 feet; thence South 09059'37" East along said centerline, 486.87 feet to the centerline intersection of Kenmore Street and McGill Street; thence South 80000'23" West along the centerline of McGill Street, 303.50 feet; thence North 89059'37" West along said centerline, 270.66 feet to the Point of Beginning, thence South 00000'23" West, 401.41 feet; thence North 89059'37" West, 523.60 feet; thence North 00002'41" East, 401.40 feet; thence South 89059'37" West, 523.23 feet to the Point of Beginning, and containing 4.823 acres, more or less, and is subject to all easements, restrictions, and or limitations of record. 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 tax abatement. Such designation is for personal 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 personal property tax deduction for a period Of five ( 5 ) 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. ee-6 @rb Clerk's Office SEP 21 1988 " "� b e?— IRENE GAMMON NOT APPROVED "TY rlERK, SO. BFNI�: ADOPT 9 - a Co - ge