Designating 802 S. Fellows an Urban Development got Tanigable Personal Property Tax Abatement

Home Browse Search

RESOLUTION NO. 97,„Z-4 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING 802 S. FELLOWS AN URBAN DEVELOPMENT AREA FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION. WHEREAS, a petition for Personal Property Tax abatement consideration has been filed with the Common Council of the City of South Bend pursuant to Section 2-76 of the Municipal Code for the tangible personal property to be located at 802 S. Fellows, South Bend, Indiana. WHEREAS, the legal description of the facility in which the tangible personal property is to be located, is more particularly described by a line drawn as follows: A parcel of land being a part of the plat of E. H. Rush 's Second Addition, South Bend, Indinaa, and being more particularly described as follows, viz: Beginning at the Southwest corner of lot 167 as shown on the recorded plat of E. H. Rush's Second Addition; thence North 0°- 05 '-4l" west, along the east line of Fellows Street, a measured distance of 220 . 60 feet to the northwest corner of lot 162 in said Addition; thence north 45°-05 '-09" east, a distance of 28.20 feet to a point on the south line of lot 66 in J. Rush 's Fourth Addition, said point being south 89°-44 '-02" east a distance of 20 .00 feet from the southwest corner of said lot; thence South 89°-44 '-02" east, along the south line of said lot and said line projected, and the south line of lot 74 in said J. Rush' s Addition, a measured distance of 229 . 42 feet to a point which is 40. 00 feet westerly of the southeast corner of said lot 74; thence south 44°-53 '-l9" east, a distance of 56. 72 feet to a point on the east line of lot 161 in said E. H. Rush's Addition, said point being South 0°-02 '-36" east a distance of 20. 00 feet from the northeast corner of said lot; thence South 00-02 '-36" east, along the west line of Rush Street, a measured distance of 198. 87 feet to the southeast corner of lot 156 in said E. H. Rush ' s Addition; thence South 89°-55 '-29" west, along the south line of of said lot 156 and said south line projected, and the south line of said lot 167 , a measured distance of 289. 20 feet to a point of beginning, containing 68 ,356. 7 square feet, more or less. Subject to any easements, covenants, or restrictions of record. WHEREAS, the Redevelopment Commission has conducted an investigation pursuant to Section 2-77 of the Municipal Code and prepared a report determining that there is compliance with the Statutory obsolescence and eligibility criteria under Indiana Code 6-1. 1-12. 1-1 et seq. WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Urban Development Area, and that the tangible personal property to be located at such location is entitled to a deducation from the assessed value of the equipment for a period of five (5) years. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I . The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Urban Development Area, and that the tangible personal property to be located at such location is entitled to a deduction from the assessed value of the equipment for a period of five years (5) years. SECTION II . The Common Council hereby adopts a resolution designating this area as an Urban Development Area for purposes of personal property tax abatement.