HomeMy WebLinkAboutConfirming Tax Abatement - Society Leasing f/b/o American Tool & Die Inc. 3515 Boland Dr. (5 Year Personal Property)Attest:
RESOLUTION
NO. 2073 -93
Passed by the Common Council of the City of South Bend, Indiana,
Attest
September 27, 1993
Presented by me to the Mayor of the City of South Bend, Indiana
September 28, 1993
Approved and signed by me
C
Clerk
of Common Council.
City Clerk
9 -je 1993.
Mayor
RESOLUTION NO. (>2 0 73- 93
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3515 BOLAND DRIVE, SOUTH BEND, INDIANA,
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
SOCIETY LEASING (f /b /o AMERICAN TOOL & DIE, 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 3515 Boland Drive, South Bend, Indiana, 46628, and which
is more particularly described as follows:
A part of the Northeast Quarter of Section 28, Township 38
North, Range 2 East, St. Joseph County, Indiana, described as
follows:
Commencing at the southeast corner of said quarter
section; thence South 89 degrees 58 minutes 56 seconds West
1200.00 feet; thence North 0 degrees 00 minutes 23 seconds
East 120 feet to the point of beginning of this description:
thence South 89 degrees 58 minutes 56 seconds West 329.55
feet along the north line of Boland Drive; thence North 89
degrees 58 minutes 56 seconds West 375.00 feet along the West
line of Kenmore Street; thence South 44 degrees 59 minutes 40
seconds West 14.15 feet to the point of beginning, containing
3.000 acres, more or less.
The bearing of the south line of the Southeast Quarter
of Section 28 is assumed North 90 degrees 00 minutes 00
seconds West.
(said Real Estate having the following Key Number 25- 1010 - 038601)
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 g6 -1.1- 12.1 -2.5; and
Page 1 of 2 Pages
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 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 a 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.
Mem6ber o � o on Council
Page 2 of 2 Pages
PRESENTED V 7 9,Y
NOT APPROVED
ADOPTED 9- -27-?,?
in Clerk's Office
AUG 6 !i