HomeMy WebLinkAboutConfirming Tax Abatement - Eaton Corp. 2930 Foundation Dr. (5 Year Personal Property)RESOLUTION
NO. 2705 -99
Passed by the Common Council of the City of South Bend, Indiana
January 25, 1999 .
1
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
January 26, 192,.
Approved and signed by me January 27, 1999
Clerk
Mayor
RESOLUTION NO. �76 5 A
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2930 FOUNDATION DRIVE
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE -YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
EATON CORPORATION
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 2930
Foundation Drive, South Bend, Indiana and which is more particularly described
as follows:
PARCEL I: A description of 8.2895 acres of land in the North Half of
Section 28, Township 38 North, Range 2 East, St. Joseph County, Indiana,
said 8.2895 acre tract being part of a certain 12.00 acre tract described
in Deed Book 593, page 47 of the deed records of said St. Joseph County.
said 8.2895 acre tract being more particularly described as follows:
Commencing at a PK nail with disc set at the North Quarter corner of said
Section 28; thence along the Northerly line of said North Half of Section
28, being also the North line of said 12.00 acre tract, North 89 °58'54"
West a distance of 165.00 feet to a PK nail set for the Northwest corner
of said 12.00 acre tract; thence along the Westerly line of said 12.00
acre tract, South 00 °14'02" West a distance of 785.23 feet to an iron bar
set at the pint of beginning of the 8.2895 acre tract herein described;
thence continuing along the said Westerly line, South 00 °14'02" West a
distance of 973.35 feet to a 1 1/4" iron pipe found for the Southwest
corner of said 12.00 acre tract being also the Southwest corner of the
said 8.2895 tract herein described; thence along the Southerly line of
said 12.00 acre tract, South 89 °53'27" East a distance of 371.17 feet to
a 3/4" iron pipe found at the Southeast corner of said 12.00 acre tract,
being also the Southeast corner of the 8.2895 acre tract herein described;
thence along the Easterly line of said 12.00 acre tract, North 00 °12'22"
East a distance of 973.60 feet to a 1" iron pipe found at a corner of said
12.00 acre tract, being also the Southeast corner of a certain tract of
land described in recorded Document No. 9016462; thence along a line of
said 12.00 acre tract, being also the Southerly line of said recorded
Document No. 9016462, North 89 °55'50" West a distance of 370.70 feet to
the point of beginning.
PARCEL II: A description of a portion of the North half of Section 28,
Township 38 North, Range 2 East, St. Joseph County, Indiana, said portion
being more particularly described as follows: Commencing at the North
Quarter corner of said Section 28, being a PK nail and disc marked
"S0307 "; thence along the North line of said Section 28, North 89 °58'54"
West, a distance of 165.00 feet to a PK nail and disc set marked "S0307 ",
thence along the Westerly line of a certain 12.00 acre tract of land
described in Deed Book 593, page 47 on File and of record in the Office of
the Recorder of St. Joseph County, Indiana, South 00 °14'02" West, a
distance of 1758.58 feet to a 1 1/4" iron pipe found for the Southwest
corner of said 12.00 acre tract of land and the point of beginning of said
portion herein describe; thence continuing along the Southerly extension
of said Westerly line, South 00 °14'02" West, a distance of 20.64 feet to
an iron bar set, market "S0307 ", in the northerly Right of Way line of
proposed foundation drive extension as shown on the plat of Airport
Industrial Park, Phase III and IV and recorded as Document No. 7806496;
thence along said Northerly right of way line, North 89 °44'58" East a
distance of 35.92 feet to a 1/2" iron bar found for the Northwesterly
corner of a certain tract of land described in recorded Document No.
8822679; thence along the North 89 °57'43 East a distance of 335.26 feet to
an iron bar set; thence along the Southerly extension of the Easterly line
of said 12.00 acre tract of land, North 00 °12'22" East, a distance of
19.56 feet to a 3/4" iron pipe found at the Southeast corner of said 12.00
acre tract of land; thence along the Southerly line of said 12.00 acre
tract of land, being also the Northerly line of said Portion herein
described, North 89 °53'27" West, 371.17 feet to the point of beginning.
and which has Key No. 25- 1010 - 038401 , 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. -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.
Meember of the Common Council —
PRESENTED 1-2b--9 q
NOT APPROVED
ADOPTED / -25 -99
Filed in Clerk's Office
E JAI 6 E-
LORETTA
J. DUA
CITY CLERK, $0. BEND, IN,