HomeMy WebLinkAboutConfirming Tax Abatement - Boliden Metech, Inc. 445 N. Sheridan Ave. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2246 -95
Passed by the Common Council of the City of South Bend, Indiana
Attest
May
22, 19 95
Clerk
Presented by me to the Mayor of the City of South Bend. Indiana
May 23, 95
19
of Common Council.
City Clerk
Approved and signed by me
Mayor
RESOLUTION NO. o<� �
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
445 NORTH SHERIDAN AVENUE,
SOUTH BEND, INDIANA TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
BOLIDEN METECH, 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 the 445
North Sheridan Avenue, South Bend, Indiana and which is more particularly described as
follows:
A tract of land in the Southwest 1/4 of Section 4, Township 37 North, Range
2 East located in Portage Township, City of South Bend, St. Joseph County,
Indiana, described as follows:
Beginning at a point on the West line of Sheridan Avenue (80 foot right -of-
way) 420.19 feet North (assumed bearing) of the North line of Linden Avenue
(80 foot right -of -way) which point is also 207 feet West and 460.19 feet North
of the Southeast corner of said Southwest 1/4 of Section 4; thence Northerly
along said West line of Sheridan Avenue 673.22 feet to the Southerly right -of-
way line of the Consolidated Rail Corporation (formerly the New York
Central Railroad); then North 79 018'30" West along said Southerly right -of-
way line of the Consolidated Rail Corporation 429.83 feet; then south
00 °08'15" West 749.04 feet to a point 418.30 feet North 00 °03'15' East of the
North line of Linden Avenue; thence East perpendicular to the West line of
Sheridan Avenue 370.56 feet to the point of beginning, containing 6.268 acres,
more or less.
with said Real Estate having the following Key No. 182193725701, 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 Il, The Common Council hereby determines that the property owner is qualified
for and is granted Real 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 sea.
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 FJS 67161
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PRESENTED 5-) 2-q5
NOT APPROVER
ADOPTER Jr a —95
Member of the Common Council
1 7 ` ?c
FAPR 2 1 1995 —
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