HomeMy WebLinkAboutConfirming Tax Abatement - General Machine & Saw Company of Indiana 3636 Gagon Rd. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2220 -95
Passed by the Common Council of the City of South Bend, Indiana,
March 27, Iq 95
R
Presented by me to the Mayor of the City of South Bend, Indiana
•.
\' i"' 9�
Clerk
of Common Council.
Approved and signed by me /c7� 19 V5.
Clerk
Mayor
RESOLUTION NO. 9� Q6 - 95
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3636 GAGNON ROAD
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY ABATEMENT FOR
GENERAL MACHINE & SAW COMPANY OF INDIANA
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 a tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly
known as 3636 Gagnon Road and which is more particularly
described as follows:
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, Indiana and described as
follows:
Commencing at the southeast corner of the northeast quarter of
said section 28 said point being at the intersection of the
centerlines of Boland and Bendix Drives, thence south 89.58'56"
west (bearing assumed) along the south line of the northeast
quarter of said section 28 (being along the centerline of Boland
Drive) 1150.09 feet to a point at the intersection of Boland
Drive with centerline of Kenmore Street; thence north 00.00'23"
east along the said centerline of Kenmore Street, 579.86 feet;
thence north 89.59'37" west, 640.00 feet to the point of the
beginning; thence south 89.59'56" west, 424.01 feet; thence north
00.02145" east, 784.81 feet; thence south 89.59137" east, 423.47
feet; thence south 00.00'23" west, 784.63 feet to the point of
the beginning and containing 7.634 acres more or less and is
subject to easements, restrictions and or covenants of record.
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, Indiana and described as
follows:
Commencing at the southeast corner of the northeast quarter of
said section 28 said point being at the intersection of the
centerline of Boland and Bendix Drives, thence south 89 58156"
west (bearing assumed) along the south line of the northeast
quarter of said section 28 (being along the centerline of Boland
Drive) 1150.09 feet to a point at the intersection of Boland
Drive with Centerline of Kenmore Street; thence north 00 00123"
east along the said centerline of Kenmore Street, 579.86 feet;
thence north 89 59'37" west 640 feet; thence south 89 58156" west
424.01 feet to the point of beginning; thence continuing south
89 58'56" west, 100.00 feet; thence north 00 02145" east, 784.85
feet; thence south 89 591371' east, 100.00 thence north 00 02145"
east, 784.85 feet thence south 89 59137" east, 100.00 thence
south 00 02145" west, 784.81 feet to the point of beginning and
containing 1.802 acres more or less and is subject to
restrictions and or covenants of record;
with said real estate having the following Key No. 25 -1010-
038507, 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 years (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
from and after its adoption by the
the Mayor.
PRESENTED
NOT APPROVED �7
ADOPTED 2 - —) -� -
be in full force and effect
Common Council and approval by
i i ieek's office
FEB 14 1995
IRENEOAMMON
ctTYOLEBK,SD. BEND, IN.