HomeMy WebLinkAboutConfirming Tax Abatement - Exacto, Inc. 1137 S. Lafayette Blvd. (5 Year Personal Property)Attest
RESOLUTION
NO. 2062 -93
Passed by the Common Council of the City of South Bend,
September
13, 14 93
Presented by me to the Mayor of the City of South Bend, Indiana
September 14, 19 93 .
Approved and signed by me
t:�4.
Clerk
of Common Council.
�Ir 19-f-3
City Clerk
Mayor
RESOLUTION NO. oZOlnoi- %3
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1137 S. LAFAYETTE BLVD.
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
EXACTO, INC. OF SOUTH BEND
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 1137 S. Lafayette Blvd. and which is more
particularly described as follows:
Beginning at the SW corner of Lot 7, Stull's
Second Edition; Thence, N along the E right -of -way
of an alley a distance of 336.06 feet + or - to a
point; said point being the NW corner of the S 1/2
of Lot 64, South Bend City Edition; Thence, E
along the northern boundary of said 1/2 of Lot 64
which is on the western right -of -way of Lafayette
Blvd.; Thence, S a distance of 275 feet + or - to
the SE corner of Lot 6, Stull's Second Edition;
Thence, W a distance of 125 feet to a point;
Thence, S 66 feet to a point; Thence, W 40 feet to
a point of beginning. All being within the City
of South Bend, County of St. Joseph, State of
Indiana.
with said real estate having the following Key Nos.
18 8006 0288, 18 8002 0115, 1B 8006 0282, 18 8006 028201,
18 8006 0285, 18 8006 028501, 18 8002 0116, 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 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 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 sea.
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.
Filed in Clerk's Office
PRESENTED - -l�=f= - - - - --- --
`1' -/3 -93 Member �he Common Co nc 1 --JUL 2 1
NOT APPROVED
ADOPTED IRENE GAM�AON
9— CITY CLERK, S0. BEND,