HomeMy WebLinkAboutConfirming Tax Abatement - Lock Joint Tube Inc. 1400 Riverside Dr. (5 Year Personal Property)RESOLUTION
NO. 2209 -95
Passed by the Common Council of the City of South Bend, Indiana
January 9, —1995\.
Clerk
Attest: �✓ President of Common Council.
Presented by me to the Mayor of the City of South Bend,
January 10, 95
19
Approved and signed by me
City Clerk
///Z- 1995 _.
L. Mayor
RESOLUTION NO. � 6 9 -��
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN AS 1400 RIVERSIDE DRIVE, SOUTH
BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR THE
PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR LOCK
JOINT TUBE 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 1400
Riverside Drive, South Bend, Indiana, and which is more particularly described as follows:
Beginning at the Southeast corner of the Southwest 1/4 of said Section 35;
thence South 89 49'52" West (bearing assumed) along the South line of said
Section, 308.97 feet; thence North 89 55'00" West, 116.24 feet; thence North
00 00'27" West, 12.00 feet to the North line of a 12 foot alley; thence North
89 55'00" West along said North line of alley, 236.61 feet to a point 120.00
feet South 89 55'00" East of the East line of Kessler Boulevard, 128.00 feet to
a point on the South line of King Street, 180.00 feet South 89 55'18" East of
the Northeast corner of Lot 10 as shown on the Second Plat of Northwest
Addition to the city of South Bend recorded April 6, 1906 in Plat Book 0,
pages 30 and 31; thence South 89 55'18" East along the South line of King
Street, 352.84 feet; thence North 00 00'27" West, 194.85 feet to a point on
the centerline of the East and West 14 foot alley between King Street and
McCartney Street produced East; thence North 00 06'09" East, 128.81 feet;
thence North 89 46'49" East 287.05 feet to the Westerly line of Riverside
Drive; thence South 16 37'15" West along a chord subtending said Westerly
line of Riverside Drive, 455.43 feet to the South line of Said Section 35;
thence North 90 00'00" West along said South line, 156.71 feet to the point of
beginning.
Commencing at the Southeast corner of the 1/4 of said Section 35; thence
North 00 00'30" West (bearing assumed) along the East line of said Southwest
1/4 a distance of 463.14 feet to the Point of Beginning for the following
described tract; thence continuing North 00 00'30" West along said East line
336.00 feet to the South line of Queen Street; thence South 89 56'09" West
along said South line of Queen Street 176.60 feet; thence North 00 02'36"
East 195.00 feet to the centerline of the East and West 14 foot alley between
Kinyon Street and Queen Street; thence South 89 56'09" West along said
centerline of alley, 131.27 feet; thence South 00 06'09" West along the East
line of Lot 145 in the Third Plat of Northwest Addition recorded March 7,
1907 in Plat Book 9, page 60 in the Office of the St. Joseph County Recorder
and its Northerly and Southerly extensions, 195.00 feet to the south line of
Queen Street; thence South 89 56'09" West along said south line of Queen
Street, 12.93 feet to the East line of Allen Street; thence South 00 05'51"
West along said east line of Allen Street, 329.87 feet to the South line of
McCartney Street; thence South 89 58'27" East along said South line of
McCartney Street, 12.91 feet; thence South 00 06'09" West 6.11 feet; thence
North 89 56'09" East 308.71 feet to the Point of Beginning.
with said real estate having the following Key Nos. 18- 2110 -4067 and 18- 2110 -4065, 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 -1 et 1M.
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.
PP.ESENT55 )- q -95
NOT APPROVED
ADOPTED
Red r. Clerk's € ffice
DEC - 5 1994