HomeMy WebLinkAboutConfirming Tax Abatement - Central High Associates LP 317 W. Washington St. (10 Year Real Property)RESOLUTION
2095 -94
Passed by the Common Council of the City of South Bend, Indiana,
February 14,Iq 94
Attest:_ /� / dcw .� y City Clerk
Attest:__ President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
Approved and signed by me
February 15, 94
9
2'1,' I qq
Clerk
Mayor
RESOLUTION NO. 2 a 9,5-_ 9 y
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS 317 WEST
WASHINGTON ST. TO BE AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR CENTRAL HIGH
ASSOCIATES LIMITED PARTNERSHIP
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 317
West Washington St. and which is more particularly described as follows:
Beginning at the intersection of the East line of William Street and the North line of
Washington Ave., in the City of South Bend, St. Joseph County, Indiana; thence 89 °- 48' -08"
East along the North line of Washington Street, 430.07 feet (426.50 ft., records) to a Point
on the West line of St. James Court (a 14.00 ft. wide Public Alley); thence North 00° -01'-
34" East along said line, 411.05 feet (410.00 ft., record); thence North 890- 43' -16" West
along the South line of Colfax Avenue (82.50 ft. wide), 430.26 feet (426.36 ft., record);
thence South 00 °- 00' -00" West (assumed bearing) along the East line of William Street
(66.00 ft. wide), 411.66 feet (410.00 ft., record) to the Point of Beginning. Containing
176,950.524 square feet or 4.06 acres.
with said real estate having the following Key No.: 18 -1023 -0977, 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 H. 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 approved by the Mayes /J
the
ML:resolut/txabres4
PRESENTEE CP /
NOT APPROVED
aDOPTED p' —/ 1/- 9y
Pftd in Clerk's Office
JAN 1 4 1994
111
IRENE OAMWON
CITYCLERK, 9O. BEND, IN.