HomeMy WebLinkAboutConfirming Tax Abatement - Appletree Associates (PEI Genesis, Inc.) 1915 N. Bendix Dr. (6 Year Real Property)Attest:
RESOLUTION
3083 -02
Passed by the Common Council of the City of South Bend, Indiana
April 22, 20 02.
Presented by me to the Mayor of the City of South Bend, Indiana
`• 1
City Clerk
President of Common Council
Approved and signed by me
April 23,
20 02
City Clerk
0
RESOLUTION NO. _ b33-0),
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1915 N. BENDLY DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A SIX (6) YEAR REAL
PROPERTY TAX ABATEMENT FOR
APPLETREE ASSOCIATES
(PEI GENESIS, INC.)
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 1915 N.
Bendix Drive, South Bend, Indiana, and which is more particularly described as follows:
A part of the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section
Thirty -Three (33), Township Thirty -Eight (38) North, Range Two (2) East,
Portage Township, City of South Bend, St. Joseph County, Indiana, more
particularly described as follows:
Beginning at a found Three - Quarter (3/4) inch iron pipe at the West right -of -way
line of Bendix Drive which is North 00 degrees 00 minutes 25 seconds East,
232.03 Feet (North 00 Degrees 07 Minutes 29 Seconds East, 232.38 Feet record)
and North 89 degrees 44 minutes 04 seconds West, 40.00 Feet (North 89 degrees
40 minutes 09 seconds West, 40.00 Feet record) from the East Quarter (1/4) post
of said Section Thirty -Three (33); thence North 89 degrees 44 minutes 04 seconds
West (North 89 degrees 40 minutes 09 seconds West record) a distance of 661.80
feet (661.97 feet record) to a found Three Quarter (3/4) inch iron pipe; thence
North 00 degrees 00 minutes 25 seconds East (North 00 degrees 07 minutes 29
seconds East record) a distance of 290.69 feet (290.79 feet record) to a found
three - quarter (3/4) inch iron pipe; thence North 89 degrees 52 minutes 20 seconds
East (North 89 degrees 56 minutes 16 seconds East record) a distance of 661.79
feet (661.94 feet record) to a found five - eighths (5/8) inch rebar at the West right -
of -way line of Bendix Drive; thence South 00 degrees 00 minutes 25 seconds
West (South 00 degrees 07 minutes 02 seconds West record) along said right -of-
way line a distance of 295.24 feet (295.33 feet record) to the point of beginning,
containing 4.45 acres, more or less, subject to all public highways and any
easements of record, if any.
and which has Key Number 25 -1006- 0301.01, 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 Ara for the purposes of tax abatement. Such
designation is for Real 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 Real property tax deduction for a period of six (6) 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 seq.
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.
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Mem er of the Common Coun it
L2 G L -2-
PRESENTED �� MAR 2 `% 20OZ
NOT APPROVED [ --
ADOPTED y •t2. ^O2,_,�- �__..��.�.._..�_vN. _.