HomeMy WebLinkAboutConfirming Tax Abatement - Exacto Inc. 1137 S. Lafayette Blvd. (5 Year Personal Property)Attest
RESOLUTION
NO. 2428 -96
Passed by the Common Council of the City of South Bend, Indiana,_
December 9, 96
Clerk
r
Attest: ✓� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 10,
City Clerk
Approved and signed by me L" om% _ /.Zr 19 —&_.
Mayor
RESOLUTION NO. �9- %
A RESOLUTION CONFIR1b1ING 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 Second 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
corner of the S 1/2 of Lot 64, South Bend City Edition; Thence, E along the northern boundary of
said 1/2 of Lot 64 which is on the western right -of -way of Lafayette Blvd.; Thence, S a distance of
275 feet + or - to the SE corner 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 Numbers
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 TT 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 approved by the Mayor.
PRESENTED Q-9—%
NOT APPROVED
'ADOPTED 12 —9--9t
i zk -
Member of the Common Co cil
Filed In Clerk's Office
NOV 12 1996
o,
LOStETTA J. D!l.Oh
CITY CLERK, BO. BEND k.