HomeMy WebLinkAboutConfirming Tax Abatement - One Plaza Place Associates 210 S. Michigan St. (10 Year Real Property)Attest:
RESOLUTION
2101 -94
Passed by the Common Council of the City of South Bend, Indiana
February 28,19 94
Clerk
Attest: t/ __ President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indian
Approved and signed by me
February 29, 94
19
City Clerk
3 — 7 19 ?7/.
�• Mayor
RESOLUTION NO. mid
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
210 SOUTH MICHIGAN STREET
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A TEN YEAR REAL
PROPERTY TAX ABATEMENT FOR
ONE PLAZA PLACE ASSOCIATEu::
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 210 South Michigan Street and which is more particularly
described as follows:
PART OF LOTS 57 AND 58, ORIGINAL PLAT OF SOUTH BEND, ST.
JOSEPH COUNTY, INDIANA, DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHWEST CORNER OF LOT 58; THENCE
SOUTH 000- 31' -55" EAST ON THE WEST LINE OF SAID LOT 58,
A DISTANCE OF 44.98 FEET TO THE POINT OF BEGINNING;
THENCE NORTH 890- 38' -45" EAST PARALLEL TO THE NORTH LINE
OF SAID LOT 58, A DISTANCE OF 32.43 FEET; THENCE NORTH
000- 31' -55" WEST PARALLEL TO THE WEST LINE OF LOTS 57 AND
58, A DISTANCE OF 6.98 FEET; THENCE NORTH 890- 38' -45"
EAST PARALLEL TO THE NORTH LINE OF SAID LOT 58, A
DISTANCE OF 2.00 FEET; THENCE NORTH 450- 19' -29" EAST, A
DISTANCE OF 21.735 FEET; THENCE SOUTH 460- 01' -59" EAST,
A DISTANCE OF 21.735 FEET; THENCE NORTH 890- 38' -45" EAST
PARALLEL TO THE NORTH LINE OF SAID LOT 58, A DISTANCE OF
2.00 FEET; THENCE SOUTH 000- 31' -55" EAST PARALLEL TO THE
WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 6.98
FEET; THENCE NORTH 890- 38' -45" EAST PARALLEL TO THE NORTH
LINE OF SAID LOT 58, A DISTANCE OF 36.10 FEET; THENCE
SOUTH 000- 31' -55" EAST PARALLEL TO THE WEST LINE OF SAID
LOTS 57 AND 58, A DISTANCE OF 47.35 FEET; THENCE SOUTH
890- 38' -45" WEST PARALLEL TO THE NORTH LINE OF SAID LOT
58, A DISTANCE OF 4.32 FEET; THENCE SOUTH 000- 31' -55"
EAST PARALLEL TO THE WEST LINE OF SAID LOTS 57 AND 58, A
DISTANCE OF 6.695 FEET; THENCE SOUTH 890- 37' -35" WEST
PARALLEL TO THE SOUTH LINE OF SAID LOT 57, A DISTANCE OF
6.31 FEET; THENCE SOUTH 000- 31' -55" EAST PARALLEL TO THE
WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 0.755
FEET; THENCE SOUTH 890- 37' -35" WEST PARALLEL TO THE SOUTH
LINE OF SAID LOT 57, A DISTANCE OF 93.00 FEET TO THE WEST
LINE OF SAID LOT 57; THENCE NORTH 000- 31' -55" WEST ON THE
WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 54.83
FEET TO THE POINT OF BEGINNING.
with said real estate having the following Key No.18- 3003 -0046 ,
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 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
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 seq.
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.
PRESENTE6, a-
NOT APPIZOVW
A)OP'm
Common
Filed In Cl rk'S Deuce
JAN 2 0 1994
CM CLEM, SO- P' -X% W.