HomeMy WebLinkAboutConfirming Tax Abatement - Bowne of South Bend, Inc. & BSB's Wholly Owned LLC Subsidiaries 5021 F. Jay Nimtz Pkwy. (5 Year Personal Property)Attest:
RESOLUTION
3019 -01
Passed by the Common Council of the City of South Bend, Indiana
July 9,
zo 01
' t R
Presented by me to the Mayor of the City of South Bend, Indiana
July 10,
2001
Approved and signed by me July 11
City Clerk
President of Common Council
20 01 .
City Clerk
0
RESOLUTION NO.. 61 I —0(
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
5021 F. JAY NIMTZ PARKWAY, SOUTH BEND, INDIANA
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
BOWNE OF SOUTH BEND, INC. (`BSB "), and
BSB'S WHOLLY OWNED LLC SUBSIDIARIES (collectively, `Bowne ")
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 5021 F.
Jay Nimtz Parkway, South Bend, Indiana, and which is more particularly described as follows:
Part of the Southeast Quarter (SE' /o) of Section 20, Township 38 North, Range 2
East, situate in German Township, St. Joseph County, State of Indiana, and being
more particularly described as follows:
Commencing at a one inch iron pipe with a cap stamped "M &B 13" marking the
Northwest comer of the Southeast Quarter (SE' /4) of said Section 20; thence South
00 degrees 19 minutes 53 seconds East along the West line of the Southeast
Quarter (SE' /4) of said Section 20 a distance of 427.00 feet to a drill hole set in
concrete, said point being the Southwest corner of land conveyed to the State of
Indiana in Deed Record 538, Page 72; thence continuing South 00 degrees 19
minutes 53 seconds East along the West line of the Southeast Quarter (SE' /4) of
said Section 20 a distance of 44.25 feet to a drill hole set in concrete on the North
right -of -way line of the F. Jay Nimtz Parkway; thence North 89 degrees 40
minutes 07 seconds East along the North right -of -way line of said F. Jay Nimtz
Parkway (80 foot right -of -way) a distance of 786.63 feet to the place of beginning
of this description; thence continuing North 89 degrees 40 minutes 07 seconds
East along the North right -of -way line of said F. Jay Nimtz Parkway (80 foot
right -of -way) a distance of 477.78 feet to a one inch pipe with a cap stamped
"M &B 13" marking the point of curvature of a tangent curve to the right having a
radius of 1640.00 feet and a central angle of 21 degrees 47 minutes 52 seconds;
thence Eastwardly and Southeastwardly along the North right -of -way line of said
F. Jay Nimtz Parkway and along said curve a distance of 623.93 feet; thence
North 00 Degrees 19 minutes 53 seconds West parallel with the East line of land
conveyed to the Board of Aviation Commissioners of St. Joseph County, Indiana
in Deed Record 246, Page 274 a distance of 540.72 feet; thence North 89 degrees
47 minutes 15 seconds West parallel with the North line of the Southeast Quarter
(SE' /o) of said Section 20 and the North line of said Commissioners Land a
distance of 1082.81 feet; thence South 00 degrees 11 minutes 51 seconds West
parallel with the East line of land conveyed to the State of Indiana in Deed Record
538, Page 72 a distance of 433.76 feet to the place of beginning of this
description;
and which has Key Number 25- 1018- 0628.03 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, 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.
PRESENTED 1'�-f1
NOT APPROVED
ADOPTED I �q A I
Member of the Common Council NJ
Filed In Clerk's office
JU4 9 9 2001
U
LORETTAI DUDA
Cm CLERK, SO. KO, W.