HomeMy WebLinkAboutConfirming Tax Abatement - Mercury Stainless Corp. 3602 W. Sample St. (10 Year Real Property) RESOLUTION
NO. 1577-87
Passed by the Common Council of the City of South Bend, Indiana,
December 21 , 19 87 .
Attest: ° -'^k- City Clerk
Attest. /o "' :/� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 22, 19 87 .
K City Clerk
Approved and signed by me Q2.CQi9 ft 02�/ 19 87
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RESOLUTION NO. IS-1 . - $ 7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN
AS 3602 W. SAMPLE STREET, TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF REAL 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 the purpose of tax abatement
consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known
as 3602 W. Sample, and which is more particularly described as follows:
PARCEL 1 A Part of the Northeast Quarter, Section 16 , Township 37
North, Range 2 East, 2nd P.M. , in the City of South Bend, Saint Joseph
County, Indiana and also being a part of the land of the Torrington
Company, a Delaware Corporation (Book 768, page 163 and Book 709,
pages 559 and 560, Office of the Recorder) containing 5. 118 acres and
more particularly described as follows:
Beginning at a point which is 40 .0 feet South of the Northwest corner
of the East Half of the Northeast Quarter of said section, said point
being also on the South Right-of-Way line of Sample Street; thence S
00 03 'W (the bearing of said South Right-of-Way line is assumed due
East-West) a distance of 395. 6 feet thence N 90 00 'W a distance of
9. 00 feet; thence S 0 03 'W a distance of 465.0 feet; thence N 90 00 'W
a distance of 39 . 87 feet to the Easterly Right-of-Way of the New
Jersey, Indiana and Illinois Railroad Company; thence N 21 44 'W a
distance of 47 .18 feet; thence Northwesterly, along the arc of a curve
to the left, having a radius of 487 .15 feet; a central angle of 45 25 '
16" and a chord of 376. 15 feet, a distance of 386.19 feet; thence N 00
03 'E a distance of 548. 22 feet to the South Right-of-Way line of
Sample Street; thence S 90 00 ' E on said Right-of-Way line a distance
of 330.00 feet to the point of beginning.
and
PARCEL 2 A part of the Northeast Quarter, Section 16 , Township 37
North, Range 2 East, 2nd P.M. , in the City of South Bend, Saint Joseph
County, Indiana and also being a part of the land of the Torrington
Company, a Delaware Corporation (Book 709 , pages 559, 560, and 561,
Office of the Recorder) containing 3 .067 acres; and more particularly
described as follows:
Beginning at a point 900 .6 feet South of the North line of Section 16,
and 1390 . 55 feet East of the East line of Sheridan Avenue, which point
is on the North line of proposed Industrial Avenue and on the Westerly
line of an 18 foot railroad spur Right-of-Way for track 2; thence S 21
29 'E a distance of 123 .45 feet along said Right-of-Way to a point of
tangency of a curve to the left, and which Right-of-Way line is at all
points 9.0 feet Westerly, at right angles from the center line of spur
tract Number 2 of said Railroad, said curve is more particularly
defined by the following 4 courses running along said right of way
Southeasterly from the point of tangency and measured along chords to
said curve, viz: S 19 41' for a distance of 60 .0 feet; thence S 22
54 'E a distance of 100. 0 feet; thence S 37 14 'E a distance of 100.0
feet; thence S 53 52 'E a distance of 100.0 feet to the North Right-of
Way line of spur tract Number 1 of said railroad company, thence N 89
51 'W a distance of 364 .44 feet along said Northern Right-of-Way line
of spur tract Number 1; thence N 00 03 'E a distance of 364. 38 feet;
thence N 89 57 'W a distance of 128.91 feet; thence N 00 02'W a
distance of 318. 24 feet; thence S 89 13 'W a distance of 13 .76 feet;
thence N 00 03 'E a distance of 11.76 feet to the Westerly Right-of-Way
of the New Jersey, Indiana and Illinois Railroad Company Right-of-Way
of spur tract Number 2; thence along said Right-of-Way Southeasterly
371.89 feet along an arc to the right having a radius of 469 .15 feet
and subtended by a long chord have a bearing of S 44 26 ' 30"E and a
length of 362.22 feet to the point of tangency of said curve; thence S
21 44 'E a distance of 40 .0 feet to the point of beginning.
PARCEL 3 EASEMENT An easement for vehicular and pedestrian crossing
over, upon and across, and for parking upon the following described
real estate: A part of the Northeast Quarter, Section 16, Township 37
North, Range 2 East, 2nd P.M. , in the City of South Bend, Saint Joseph
County, Indian containing 0. 175 acres, more or less and more
particularly described as follows:
Beginning at a point 900.6 feet South of the North line of said
Section 16 and 1390 .55 feet East of the East line of Sheridan Avenue,
which line is on the Westerly line of an 18-foot railroad spur
Right-of-Way of the New Jersey, Indiana and Illinois Railroad Company;
thence N 21 44 'W a distance of 40 .00 feet along said Westerly
Right-of-Way; thence along said Right-of-Way Northwesterly 371. 89 feet
along an arc to the left having a radius of 469. 15 feet and subtended
by a long chord having a bearing of N 44 26 ' 30"W and a length of
362.22 feet; thence N 0 03 'E a distance of 19 . 2 feet to the Easterly
Right-of-Way of said railroad spur; thence along said Right-of-Way
Southeasterly 386.19 feet along an arc to the right having a radius of
487. 15 feet and subtended by a long chord having a bearing of S 44
26 ' 35"E and a length of 376 .15 feet; thence S 21 44 'E a distance of
47 .18 feet; thence N 90 00 'W a distance of 19 .38 feet to the point of
beginning.
Commonly known as 3602 West Sample Street, South Bend, Indiana 46619 .
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 two ( 2) calander
years from the date of adoption of the Declaratory Resolution by the
Common Council.
SECTION II. That the Common Council hereby determines that the
property owner is qualified for and is granted real property tax deduction
for a period of ten ( 10 ) 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.
S /,M.: / Set, /0_
/ emb f o th- Como/ouncil
PRESENTED j 1- a 1 -
NOT APPROVED
ADOPTO Ia - - c-+