HomeMy WebLinkAboutConfirming Tax Abatement - Kerasotes Theatres Complex 200 Block of West Chippewa Ave. (10 Year Real Property)RESOLUTION
NO. 2422 -96
Passed by the Common Council of the City of South Bend,
Attest
November 25, I9 96
;r _t
Clerk
President of Common Council,
Presented by me to the Mayor of the City of South Bend, Indiana
November 26, ,A 96
City Clerk
Approved and signed by me --I9,x( _.
Mayor
RESOLUTION NO. 0;9—T
A RESOLUTION CONFIRMING THE ADOPTION OF
A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS THE 200 BLOCK OF WEST CHIPPEWA AVENUE
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A TEN (10) YEAR
REAL PROPERTY TAX ABATEMENT FOR
KERASOTES THEATRES COMPLEX
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 the 200 block of
West Chippewa Avenue, South Bend, Indiana, and which is more particularly described as
follows:
A parcel of land being a part of the Northeast Quarter of the Northeast Quarter of
Section 26, Township 37 North, Range 2 East, Centre Township, St. Joseph
County, Indiana, and being more particularly described as follows:
Beginning at a point on the East line of said Northeast Quarter of Said Section 26,
that is 40.00 feet South 01'57'08" West of the Northeast Corner of said Quarter
Section; thence South 01'57'08" West, along said East line, a distance of 1273.37
feet to the Southeast corner of the Northeast Quarter of said Northeast Quarter;
thence North 89 °59'38" West, along the South line of said Quarter Quarter
Section, a distance of 889.51 feet; thence North 02 °23'27" East, a distance of
898.06 feet; thence North 01'04'58" East, a distance of 375.32 feet to a point on
the South right -of -way line of Chippewa Avenue; thence South 90 000'00" East,
parallel with the North line of said Northeast Quarter and along said South right -
of -way line, a distance of 888.34 feet to the place of beginning containing 25.88
acres more or less.
with said real estate having the following Key No. 23- 1013 -0753, 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 real 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 real property tax deduction for a period of ten (10) 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.
PRESENTED )1 -,25-q%
NOT APPROVED n / 6 /� A n Zla4-,
ADOPTED / /- ,25 -q5 � MC—1 "01l Member of the Common Council
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