HomeMy WebLinkAboutConfirming Tax Abatement - Absorbtech, LLC 3900 W. William Richardson Dr. (6 Year Real Property)RESOLUTION
NO. 2251 -95
Passed by the Common Council of the City of South Bend, Indiana,
Attest
June 12, jqt 95
_City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
June 13, 95
19
of Common Council.
City Clerk
Approved and signed by me—/6*U 19J�•
Mayor
REAL PROPERTY CONFIRMING ABATEMENT
RESOLUTION NO. (' J
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3900 WEST WILLIAM RICHARDSON DRIVE
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR
REAL PROPERTY TAX ABATEMENT FOR
ABSORBTECIr, LLC
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 know as 3900 West
William Richardson Drive, and which is more particularly described as follows:
20 acres of land off the East end of the South Half of the Northwest Quarter of Section 21,
Township 38 North, Range 2 East excepting therefrom the following: A part of the South Half
of the Northwest Quarter of Section 21, Township 38 North, Range 2 East, St. Joseph Count,
Indiana, described as follows: Beginning on the South line of said quarter Section South 88° 57'
48" West 160.62 feet from the Southwest corner of said Quarter Section; thence South 880 57'
48" West 501.97 feet along said South line to the Southwest corner of the owner's land; thence
North 00 52' 00" West 221.16 feet along the West line of the owner's land; thence Southeasterly
548.23 feet along an arc to the right having a radius of 4,718.66 feet and subtended by a long
chord having a bearing of South 67° 13' 54" East and a length of 547.92 feet to the point of
beginning.
with said real estate having the following Key Number 25- 1012 -0198, 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 -1.25; and
WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and
objections for 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:
1
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 Six (6) 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.
01
PRESENTED �- /2 A
NOT APPROVED
I
ADOPTED �- r 2 --! r
S
of the Common Council
Filets in Clerk's Office
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