HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Redevelopment behalf of RKE, Inc. d/b/a Stephenson Mill Inc. 322 E. Colfax Ave. (10 Year Real Property)RESOLUTION
NO. 2079 -93
Passed by the Common Council of the City of South Bend, Indiana,
Attest
October 11, 19 , 93
Presented by me to the Mayor of the City of South Bend, Indiana
9 93
Approved and signed by me
Clerk
of Common Council.
City Clerk
Mayor
RESOLUTION NO. 20 7 9- 93
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING
CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND,
INDIANA, COMMONLY KNOWN AS 322 E. COLFAX
AVENUE TO BE AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A TEN (10) YEAR
REAL PROPERTY TAX ABATEMENT FOR
THE SOUTH BEND REDEVELOPMENT COMMISSION ON
BEHALF OF RKE, INC. (DBA: STEPHENSON MILL, 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 322 East
Colfax Avenue and which is more particularly described as follows:
Parcel "A ":
That part of the Northeast Quarter of Section 12, Township 37 North, Range 2 East, Portage
Township, City of South Bend, St. Joseph County, Indiana which is described as: Beginning
at the intersection of the South right -of -way line of Colfax Avenue and the West right -of -way
line of Gintz Avenue which point is West 256.3 ft. from an iron set for the Southwest corner
of Niles Avenue and Colfax Avenue; thence South 050- 53' -22" East along said West right -of-
way line, 274.37 ft. (Record, South 05 ° -31' West, 274.4 ft.); thence North 89 °- 58' -48"
West, 167.91 ft. (Record, West 167.9 ft.); thence North 150- 07'45" West, 87.70 ft. (Record,
North 15 ° -6' West); thence North 87 °- 52' -06" East, 47.34 ft. (Record, N. 890-47' East
47.25 ft.); thence North 00 °- 56' -55" West, (Record, North 000-56' West 188.2 ft.) to the
South right -of -way line of Colfax Avenue; thence South 890- 54' -00" East along said South
right -of -way line, (Record, East 118.48 ft.), 118.42 ft. to the point of beginning. Containing
0.8877 Acres. Subject to all legal highways, easements and restrictions of record.
Parcel "B ":
That part of the Northeast Quarter of Section 12, Township 37 North, Range 2 East, Portage
Township, City of South Bend, St. Joseph County, Indiana which is described as: Beginning
at a point on the West right -of -way line of Gintz Avenue which point is 273.00 ft. South of
the South right -of -way line of Colfax Avenue, measured at right angles to said south right -of-
way line; thence South 05 °- 53' -22" East along said Gintz Avenue right -of -way line and its
extension, (Record, South 05 °- 27' -44" East), 152.28 ft.; thence North 89°-58' -
48"West,149.14 ft.; thence North 24 °- 37' -29" West, 166.65 ft.; thence South 890- 58' -48"
East, 202.95 ft. to the point of beginning. Containing 0.6121 acres. Subject to all legal
highways, easements and restrictions of record.
with said real estate having the following Key No.: 18 -5001 -0007, 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 confnms 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 6-1.1-12.19 t 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 Mayor.
ember of th ommon Council
ML:txabres2
Revised 11/26/90
Filed in Clerk's offflc-c
PRESENTED
NOT APPROVED
ADOPTED /29_//_43