HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Redevelopment Commissionon Benefit of Midwest Land Co. North side Of Nimtz Pkwy, Next to 5301 Nimtz Pkwy. (5 Year Personal Property)Attest
RESOLUTION
NO. 2376 -96
Passed by the Common Council of the City of South Bend, Indiana,
June 24, 96
Clerk
Attest:--
President of Common Council.
Presented by me to the Mayor of the City of South Bend,
June 25, 96
19
Approved and signed by me
C--.
City Clerk
Mayor
RESOLUTION NO. Z / `r' 4
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION iJESic iYA111G CER'IAiN AR E,A�) iVI'fj-GiV `—j iE C iry OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
The North Side of Nimtz Parkway, Next to 5301 Nimtz Parkway
South Bend, Indiana
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
SOUTH BEND REDEVELOPMENT COMMISSION FOR THE
BENEFIT OF MIDWEST LAND COMPANY
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 (common
address) and which is more particularly described as follows:
Part of the Southeast Quarter (SE' /e) of Section 20, Township 38 North,
Range 2 East, situate in German Township, St. Joseph County, State of
Indiana, and being more particularly described as follows:
Commencing at a one inch iron pipe with a cap stamped "M &B 13" marking
the Northwest comer of the Southeast Quarter (SE1 /s) of said Section 20;
thence South 00 degrees 19 minutes 53 seconds East along the West line of
the Southeast Quarter (SE1 /<) of said Section 20 a distance of 427.00 feet to
a drill hole set in concrete, said point being the Southwest comer of land
conveyed to the State of Indiana in Deed Record 538, Page 72; thence
continuing South 00 degrees 19 minutes 53 seconds East along the West line
of the Southeast Quarter (SE1 /s) of said Section 20 a distance of 44.25 feet to
a drill hole set in concrete on the North right -of -way line of the F. Jay Nimtz
Parkway; thence North 89 degrees 40 minutes 07 seconds East along the
North right -of -way line of said F. Jay Nimtz Parkway (80 foot right -of -way) a
distance of 786.63 feet to the place of beginning of this description; thence
continuing North 89 degrees 40 minutes 07 seconds East along the North
right -of -way line of said F. Jay Nimtz Parkway (80 foot right -of -way) a
distance of 477.78 feet to a one inch pipe with a cap stamped "M &B 13"
marking the point of curvature of a tangent curve to the right having a radius
of 1640.00 feet and a central angle of 21 degrees 47 minutes 52 seconds;
thence Eastwardly and Southeastwardly along the North right -of -way line of
said F. Jay Nimtz Parkway and along said curve a distance of 623.93 feet;
thence North 00 Degrees 19 minutes 53 seconds West parallel with the East
line of land conveyed to the Board of Aviation Commissioners of St. Joseph
County, Indiana in Deed Record 246, Page 274 a distance of 540.72 feet;
thence North 89 degrees 47 minutes 15 seconds West parallel with the North
line of the Southeast Quarter (SE1 /.) of said Section 20 and the North line of
said Commissioners Land a distance of 1082.81 feet; thence South 00 degrees
11 minutes 51 seconds West parallel with the East line of land conveyed to
the State of Indiana in Deed Record 538, Page 72 a distance of 433.76 feet
to the place of beginning of this description.
Containing 11.212 acres of land.
(Revised 11 -2590)
with said real estate having the following Key No. 25- 1018 -0628, 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 sew.
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.
FIs 71607 PRESENTED �' ?,�/ —q6
(Rmis,A 11-26-90) NOT APPROVED /
ADOP7r) ( -�y -q6
Member o the Common Council
Filed in Clerk's office
JUL 0 719%—J
IRENEGAMMON
CITYCLERK.SO- F0,ly