HomeMy WebLinkAboutConfirming Tax Abatement - Nimet Industries Inc. 2424 N. Foundation Dr. (5 Year Personal Property)Attest
RESOLUTION
NO. 2407 -96
Passed by the Common Council of the City of South Bend. Indiana
September 23, _ 96
Attest:
Presented by me to the Mayor of the City of South Bend. Indian
September 24, 96
9
Clerk
of Common Council.
City Clerk
Approved and signed by me ,��l laJ 19-2i� .
cf!�. Mayor
RESOLUTION NO. D 7 /6
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2424 NORTH FOUNDATION DRIVE, SOUTH BEND, INDIANA,
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
NIMET INDUSTRIES, 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 2424 North
Foundation Drive, South Bend, Indiana, and which is more particularly described as follows:
A parcel of land in part of the South Half of Section 28, Township 38 North,
Range 2 East, German Township, St. Joseph County, Indiana, described as
follows:
Commencing at the southeast corner of said Section; thence North 90 degrees
00 minutes 00 seconds West 2642.71 feet to the southeast corner of the
Southwest Quarter of said Section; thence South 89 degrees 57 minutes 33
seconds West 171.27 feet; thence North 0 degrees 00 minutes 47 seconds East
528.56 feet; thence South 89 degrees 59 minutes 13 seconds East 40 feet to
the point of beginning of this description: thence North 0 degrees 00 minutes
47 seconds East 375.00 feet; thence South 89 degrees 59 minutes 13 seconds
East 450.00 feet; thence South 0 degrees 00 minutes 47 seconds West 375.00
feet; thence North 89 degrees 59 minutes 13 seconds West 450.00 feet to the
point of beginning and containing 3.874 acres, more or less.
The bearing of the South line of the Southeast Quarter of Section 28 is
assumed North 90 degrees 00 minutes 00 seconds West.
with said real estate having the following Key No. 25- 1010- 040015, 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 R. 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 -12.1 e sue.
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.
SBDS02 BJS 16273
NOT APPROVED
ADOPTED q—)-3-96
-2-
Member of the Co n Council
Filed In Clerk's Office
AUG 2 2 1996
LORETTAJ. DUD..
CITY CLERK, So. BEwi1 IN.