HomeMy WebLinkAboutConfirming Tax Abatement - Steel Warehouse Company LLC 1400 West Riverside Drive (5 Yr. Personal Property)RESOLUTION
4146 -12
Passed by the Common Council of the City of South Bend, Indiana
January 23,
Attest:
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20
Presented by me to the Mayor of the City of South Bend, Indiana
January 24,
20 12
City Clerk
President of Common Council
Approved and signed by me 20
City Clerk
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RESOLUTION NO. ' I `f, b - ( -),
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1400 WEST RIVERSIDE DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
STEEL WAREHOUSE COMPANY LLC
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
1400 West Riverside Drive, South Bend, Indiana, and which is more particularly
described as follows:
Beginning at the Southeast corner of the Southwest % of said, section 35; thence South 89 49' 52"
West (bearing assumed) along the South line of said section, 308.97 feet; thence North 89 55' 00"
West, 116.24 feet; thence North 00 00' 27" West, 12.00 feet to the North line of a 12 foot alley;
thence North 89 55' 00" West along said North line of alley; the East line of Kessler Boulevard,
128.00 feet South 89 55' 18" East of the Northeast addition to the City of South Bend recorded
April 6, 1906 in the Plat Book 0, pages 30 and 31; thence South 89 55' 18" East along the South
line of King Street, 352.84 feet; thence North 00 00' 27" West, 194.85 feet to a point the centerline
of the East and West 14 foot alley between King Street and McCartney Street produced East;
thence North 00 06' 09" East, 128.81 feet; thence North 89 46' 49" East 287.05 feet to the
Westerly line of Riverside Drive; thence South 16 37'15" West along a chord subtending said
Westerly line of Riverside Drive, 455.43 feet to the South line said section 35; thence North 90 00'
00" West along said South line, 156.71 feet to the point of the beginning.
Commencing at the Southeast corner of the '/ of said section 35; thence North 00 00' 30" West
(bearing assumed) along the East line of said Southwest % a distance of 463.14 feet to the Point of
Beginning for the following described tract; thence continuing North 00 00' 30" West along said
East line 336.00 feet to the South line of Queen Street; thence South 89 56' 09" West along said
South line of Queen Street 176.60 feet, thence North 00 02' 36" Est. 195.00 feet to the centerline
of the East and West 14 foot alley between Kinyon Street and Queen Street; thence South 89 56'
09" West along said centerline of alley, 131.27 feet; thence South 00 06' 09" West along the East
line of Lot 145 in the Third Plot of Northwest Addition recorded March 7, 1907 in Plat Book 9,
page 60 in the Office of the St. Joseph County Recorder and its Northerly and Southerly
extensions, 195.00 feet to the South line of Queen Street; thence South 89 56' 09" West along
Allen Street; thence South 00 05' 51" West along said East line of Allen Street, 329.87 feet to the
South line of McCartney Street; thence South 89 58' 27" East along said South line of McCartney
Street, 12.91 feet; thence South 00 06' 09" West 6.11 feet; thence North 89 56' 09" East 308.71
feet to the Point of Beginning.
and which has Tax Key Numbers 018 - 2110 -4065 and 18- 2110 -4067, 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 (5) five 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 et SeMc .
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Mem er of the Common Council
PRESENTED k, 2,3'1 2
NOT APPROVED
ADOPTED :
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