HomeMy WebLinkAboutConfirming Tax Abatement - Manufacturing Technology Inc. 1702 W. Washington St. (5 Year Personal Property)Attest
RESOLUTION
NO. 2418 -96
Passed by the Common Council of the City of South Bend, Indiana,
October 28, ,,, 96
Clerk
Attest President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
October 29, 9 96
City Clerk
Approved and signed by me -- �0PAZ21M 0919 —e_•
r
Mayor
RESOLUTION NO I
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1702 WEST WASHINGTON STREET, SOUTH BEND, INDIANA,
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
MANUFACTURING TECHNOLOGY, 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 1702 West
Washington Street, South Bend, Indiana, and which is more particularly described as follows:
PARCEL 1: A lot or parcel of Land in the City of South Bend, located in the East Half of
the Northeast Quarter of Section Number Ten (10), Township Number Thirty -seven (37)
North, Range Number Two (2) East, bounded by a line running as follows, viz: Beginning
at a point in the South Line of West Washington Avenue 7.58 feet West from a point where
the West line of College Street extended South would intersect the South line of said West
Washington Avenue thence South 208 feet; thence West 395.87 feet; thence North 208 feet
to the South Line of Washington Avenue, thence East along the South line of Washington
Avenue a distance of 395.87 feet to the place of beginning.
PARCEL 11: Also, beginning at a point in the South line of West Washington Avenue 7.58
feet West from a point where the West line of College Street extended South would
intersect the South line of Washington Avenue and being at the Northeast corner of the
above described tract; thence South along the East line of the above described tract 293.6
feet to an iron stake; thence East 19.69 feet, more or less, to the Southwest corner of a tract
of land conveyed to the South Bend Wholesale Drug Company by deed recorded in Deed
Record 333 page 336; thence North 293.6 feet, more or less, to a point in the South line of
West Washington Avenue 20 fee East of the place of beginning; thence West 20 feet to the
place of beginning, subject, however, to a perpetual easement of right of way in common
with the Grantees at all times and for all purposes over the following real estate for the use
and benefit of the South Bend Drug Co., Inc.:
A part of the East Half (1/2) of the Northeast Quarter (1/4) of Section Ten (10), Township
Thirty -seven (37) North, Range Two (2) East, described as follows: Beginning at a point
on the South line of Washington Avenue which is 389.87 feet West of a point which is 7.58
feet West from the West line of College Street extended South to the South line of
Washington Avenue; thence due South 133.5 feet; thence Easaterly 321.3 feet to a point
130.3 feet due South from the South line of Washington Avenue; thence in a Southeasterly
direction 102 feet to an iron stake, which iron state is 208 feet due South from Washington
Avenue; thence North 46.2 feet; thence in a Northwesterly direction 80.3 feet to a point
100.3 feet due South from the South line of Washington Avenue; thence Westerly 305.6 feet
to a point due South 103.5 feet from the South line of Washington Avenue, thence North
103.5 feet to a point on the South line of Washington Avenue which is 30 feet East of the
place of beginning, thence West 30 feet to the place of beginning.
with said real estate having the following Key Nos. 18- 020010002 and 18- 020010005, 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 -12.1 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.
SBDS02 EIS 100590
PRESENTED 10"29- 74
NOT APPROVED
ADOPTED l6 - )-b - 1.
-2-
Member of rhfCommon Council
Filed in Clerk's Office
LORET(d J. DUDK
CRY CLERK, SO. REND, IN,