HomeMy WebLinkAboutConfirming Tax Abatement - Toll Road Industrial Partners II L.P. Lot 2 Toll Road Industrial Park Phase 2 (10 Year Real Property)RESOLUTION
NO. 2187 -94
Passed by the Common Council of the City of South Bend, Indiana,
Attest
November
14, 1994(
Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
November
Approved and signed by me
of Common Council.
15, 94
19
City Clerk
Mayor
RESOLUTION NO. a� 187- I q
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
LOT 2 TOLL ROAD INDUSTRIAL PARK PHASE TWO, AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A TEN -YEAR
REAL PROPERTY TAX ABATEMENT FOR
TOLL ROAD INDUSTRIAL PARTNERS II L.P.
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 Lot 2 Toll Road Industrial Park Phase Two and which is
more particularly described as follows:
That part of the northeast quarter of Section 21, T. 38 N., R. 2 E., German
Township, City of South Bend, St. Joseph County, Indiana which is
described as: beginning at a point which is S. 88 degrees- 53' -01" W.,
466.92 ft. from a point on the east line of said section which is S. 01
degrees- 00'21" E., 187.15 ft. from the east quarter post of said section;
thence S. 88 degrees- 53' -01" W., 463.00 ft.; thence N. 00 degrees- 59' -02"
W., 480.00 ft.; thence N. 88 degrees- 52' -10" E., 463.00 ft. to the west line of
William Richardson Court; thence along said west line and a 60.00 ft.
radius curve to the left an arc distance of 81.33 ft. to the end of a chord
which bears S. 39 degrees- 48' -56" E. and having a distance of 75.24 ft.;
thence S. 52 degrees- 08' -46" W., 58.98 ft.; thence S. 00 degrees- 59' -02" E.,
386.12 ft. to the point of beginning.
Containing 5.1378 acres.
and which has Key Number 25- 1013 -0216. o$ be designed as an
Economic Revitalization Area under the provisions of Indiana Code 6-
1.1- 12.1 -1 et seg.. and South Bend Municipal Code Sections 2 -76 et
sea.. and
WHEREAS, notice of 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.
designation is for Real property tax abatement only and
two (2) calendar years from the date of adoption of the
Resolution by the Common Council.
such
is limited to
Declaratory
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 ten (10) 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.
PRESENTED /I- ly -q 7
NOT APPROVED
ADOPTED
�L AJLZJ�g
Me of the Common it
Filed Office
0 C T - 9994
IF..r^A4r OUAW.MON
CITY CLERK, SO. MND. IN.