HomeMy WebLinkAboutConfirming Tax Abatement - Emtech Corporation 3300 W. Sample St. Suite 1000 (5 Year Personal Property)Attest:
RESOLUTION
NO. 2271 -95
Passed by the Common Council of the City of South Bend, Indiana,
Attest:
Jul
24, 19 95
I
Presented by me to the Mayor of the City of South Bend,
July 25, 95
19
Approved and signed by me
0
Clerk
of Common Council.
City Clerk
-71 ac� IC �i5
Mayor
RESOLUTION N0. c)0 95
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3300 W. SAMPLE ST., SUITE 1100
TO BE AN ECONOMIC
REVITALIZATION AREA FOR THE PURPOSES OF A FIVE (5) YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
EMTECH CORPORATION
WHEREAS, the Camion 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
3300 W. Sample St. Suite 1100 and which is more particularly described as
follows:
Parcel I: A tract of land in the Northeast Quarter of the Northeast Quarter of
Section 16, Township 37 North, Range 2 East, bounded by a line running as
follows, viz: Beginning at a point 338 feet East of the Northwest corner of
the Northeast Quarter of the Northeast Quarter of said Section 16; thence
running East along the North line of said Section 16 a distance of 657.7 feet;
thence South 900.6 feet; thence West 657.1 feet; thence North 900.6 feet to
the place of beginning. Subject also to a right of way of the New Jersey,
Indiana & Illinois Railroad Company, as conveyed to it by Warranty Deed dated
February 11, 1930, recorded in Deed Record 227, page 293 in the County
Recorder's Office of St. Joseph County, Indiana.
Parcel II: A certain tract of land in Belleville Industrial District, in
Section 16, Township 37 North, Range 2 East, described as follows: Beginning
at the intersection of the center line of the New Jersey, Indiana & Illinois
Railroad Spur and the North line of proposed Industrial Avenue, said
intersecting point being 900.6 feet South and 1329.87 feet East of the
Northwest corner of the Northeast Quarter of Section 16, Township 37 North,
Range 2 East; thence East along the North line of proposed Industrial Avenue
if extended East 664.5 feet; thence South parallel with the West line of the
Northeast Quarter of said Section 16, 311.5 feet to the center line of said
New Jersey, Indiana & Illinois Railroad Canpany's Spur line running in a
Southwesterly and Northwesterly direction; thence Southwesterly and
Northwesterly along the center line of said spur line 1096.5 feet to the place
of beginning, excepting therefrom all railroad right -of -ways within said
tract; and also excepting therefrom a tract of land described as beginning at
a point 9 feet East of and 900.6 feet South of the Northwest corner of the
Northeast Quarter of the Northeast Quarter of Section 16, Township and Range
aforesaid; thence running East parallel with and 900.6 feet South of the North
line of said Section 16 a distance of 329 feet; thence South parallel with and
338 feet East of the West line of the Northeast Quarter of the Northeast
Quarter of said section 16, a distance of 38 feet; thence West parallel with
and 938.6 feet South of the North line of said Section 16 a distance of 329
feet; thence North parallel with and 9 feet East of the West line of the
Northeast Quarter of the Northeast Quarter of said Section 16 a distance 38
feet to the place of beginning.
with said real estate having the following Key No. 18- 8112 -4211, 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 a Economic Revitalization Area for
the purposed 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 sec.
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 7-
NOT APPROVED
ADOPTED -], -) y 915
G '
MI" of Ctre Common Council
Filed in Cierk's 'Office
JUN 2895
IREiNff GUMON
CITYCI:ERK,30.EIMQ 9N