HomeMy WebLinkAboutConfirming Tax Abatement - Exacto, Inc. 1137 S. Lafayette (5 Year Personal Property)RESOLUTION
NO. 2760 -99
Passed by the Common Council of the City of South Bend, Indiana,
July 12,
••
Presented by me to the Mayor of the City of South Bend.
July, 13
Approved and signed by me July 14,
9 99
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of Common Council.
m
City Clerk
Mayor
RESOLUTION NO. I� UO -1 l
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1137 S. LAFAYETTE BLVD.
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
EXACTO, INC OF SOUTH BEND
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 1137 S. Lafayette
Blvd. and which is more particularly described as follows:
BEGINNING AT THE SW CORNER OF LOT 7, STULL'S EDITION; THENCE, N ALONG THE E
RIGHT -OF -WAY OF AN ALLEY A DISTANCE OF 336.06 FEET + OR - TO A POINT; SAID POINT
BEING THE NW CORNOR OF THE S '/2 OF LOT 64, SOUTH BEND CITY EDITION; THENCE, E
ALONG THE NORTHERN BOUNDARY OF SAID 1/20F LOT 64 WHICH IS ON THE WESTERN
RIGHT -OF -WAY OF LAFAYETTE BLVD.; THENCE, S A DISTANCE OF 275 FEET + OR - TO THE
SE CORNOR OF LOT 6, STULL'S SECOND EDITION; THENCE, W A DISTANCE OF 125 FEET TO A
POINT; THENCE, S 66 FEET TO A POINT; THENCE, W 40 FEET TO A POINT OF BEGINNING. ALL
BEING WITHIN THE CITY OF SOUTH BEND, COUNTY OF ST. JOSEPH, STATE OF INDIANA.
and which has Key Number 18 8006 0288, 18 8002 0115, 18 8006 0282, 18 8006 028201, 18 8006 0285, 18
8006 028501, 18 8002 0116, 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.
PRESENTED Z - \-LA 1
NOT APPROVED p
ADOPTED 1 ` \-L-A \
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Member of the Common Council
Filed in Cleric's Office
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Lo9ETTAJ. DUDA
MMLERK, 80. BEND, IN,