HomeMy WebLinkAboutConfirming Tax Abatement - Adapto-Indiana Inc. 4401 W. Cleveland Road Extension (10 Year Real Property)RESOLUTION
NO. 2799 -99
Passed by the Common Council of the City of South Bend, Indiana,
October 11,
••
Clerk
President of Common Council,
Presented by me to the Mayor of the City of South Bend, Indiana
October 11
Approved and signed by me October 14,
9 99
Clerk
Mayor
RESOLUTION NO. 2-1 � R - 1
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4401 WEST CLEVELAND ROAD EXTENSION
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
ADAPTO- INDIANA, 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 4401
West Cleveland Road and which is more particularly described as follows:
A part of the Northwest Quarter of Section 21, Township 38 North, Range 2 East described
as follows: Commencing at an iron pipe marking the North Quarter Section corner of said
Section 21; thence West, on the North line of said Section and the centerline of Brick Road,
1322.04 feet; thence South 530 feet; thence West, parallel with the North line of said
Section, 138.98 feet; thence South 445 feet, more or less to the place of beginning; thence
continuing South 1218 feet more or less to a point on the Northerly right of way line on the
new Cleveland Road; thence Westerly along said Northerly right of way 550.29 feet to the
Southeast corner of Trans Tech Properties Minor Subdivision, recorded as Document
Number 8614287; thence North 795.17 feet to the Northeast corner of said Subdivision;
thence West along the North line of said Plat 561.72 feet to the Northwest corner of said
Subdivision; thence North 260 feet, more or less; thence East to the place of beginning.
with said real estate having the following Key Number 25- 1013 - 020704, 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 sea.
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.
2
PRESENTED �b -k0 j
NOT APPROVED
ADOPTED \
Member of the Common Council
Filed in Clerk's Office
SEP Z 0 1999
LCBETTA J. DUDA
CRYCMW, BO. BEND. BA.