HomeMy WebLinkAboutConfirming Tax Abatement - Manufacturing Technology Inc. 1702 W. Washington St. (5 Year Personal Property)RESOLUTION
N0. 2131 -94
Passed by the Common Council of the City of South Bend, Indiana
May 23, ,a ,94
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend. Indiana
May 24, 94
19
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City Clerk
Approved and signed by me '5� 6 19�.
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Mayor
RESOLUTION NO. c2 1SI- 9'%
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1702 West Washington Street, South Bend, Indian a
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
MANUFACTURING TECHNOLOGY, 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 1702 West
Washington Street, South Bend, Indiana, and which is more particularly described as follows:
PARCEL I: A lot or parcel of Land in the City of South Bend, located in the
East Half of the Northeast Quarter of Section Number Ten (10), Township
Number Thirty -seven (37) North, Range Number Two (2) East, bounded by
a line running as follows, viz: Beginning at a point in the South line of West
Washington Avenue 7.58 feet West from a point where the West line of
College Street extended South would intersect the South line of said West
Washington Avenue thence South 208 feet; thence West 395.87 feet; thence
North 208 feet to the South line of Washington Avenue, thence East along the
South line of Washington Avenue a distance of 395.87 feet to the place of
beginning.
PARCEL II: Also, beginning at a point in the South line of West Washington
Avenue 7.58 feet West from a point where the West line of College Street
extended South would intersect the South line of Washington Avenue and
being at the Northeast corner of the above described tract; thence South
along the East line of the above described tract 293.6 feet to an iron stake;
thence East 19.69 feet, more or less, to the Southwest corner of a tract of land
conveyed to the South Bend Wholesale Drug Company by deed recorded in
Deed Record 333 page 336; thence North 293.6 feet, more or less, to a point
in the South line of West Washington Avenue 20 feet East of the place of
beginning; thence West 20 feet to the place of beginning, subject, however, to
a perpetual easement of right of way in common with the Grantees at all
times and for all purposes over the following real estate for the use and
benefit of the South Bend Drug Co., Inc.
A part of the East Half (1 /2) of the Northeast Quarter (1/4) of Section Ten
(10), Township Thirty -seven (37) North, Range Two (2) East, described as
follows: Beginning at a point on the South line of Washington Avenue which
is 389.87 feet West to a point which is 7.58 feet West from the West line of
College Street extended South to the South line of Washington Avenue;
thence due South 133.5 feet; thence Easterly 321.3 feet to a point 130.3 feet
due South from the South line of Washington Avenue; thence in a
Southeasterly direction 102 feet to an iron stake, which iron stake is 208 feet
due South from Washington Avenue; thence North 46.2 feet; thence in a
Northwesterly direction 80.3 feet to a point 100.3 feet due South from the
South line of Washington Avenue; thence Westerly 305.6 feet to a point due
South 103.5 feet from the South line of Washington Avenue, thence North
103.5 feet to a point on the South line of Washington Avenue which is 30 feet
East of the place of beginning, thence West 30 feet to the place of beginning.
with said real estate having the following Key Nos. 18- 2001 -0005 and 18- 2001 -002, as an
Economic Revitalization Area; and
(Revised 11- 26 -90)
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
five (5) 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 et sec.
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.
ffl�lr of the Common Council
PRESENTED
NOT APPROVED
ADOPTED 'r /a3 /9SC
EJS 41942
(Revised 11- 26 -90)
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1 AR 2 9 53494