HomeMy WebLinkAboutConfirming Tax Abatement - AE Piston Producs Inc. Building Expansion 3605 W. Cleveland Rd. (10 Year Real Property)Attest:
RESOLUTION
NO. 2056 -93
Passed by the Common Council of the City of South Bend, Indiana,
Attest
July 26, 19 93
Presented by me to the Mayor of the City of South Bend, India
July 27, 93
19
Clerk
of Common Council.
Approved and signed by me �!LIX k 'f 19-2-�
Clerk
Mayor
RESOLUTION NO. 02 O Slo -9&
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3605 West Cleveland Road
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
AE PISTON PRODUCTS, INC.
BUILDING EXPANSION
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 3605
West Cleveland Road and which is more particularly described as follows:
A tract of land in part of the East half of Section 21, Township 38 North, Range
2 East, 2nd P.M. St. Joseph County, Indiana, and more particularly described as
follows:
Beginning at a point on the East -West Half section line of said East Half North
88 degrees 53 minutes 36 seconds East 915.58 feet from the center of said Section
21; thence North 0 degrees 56 minutes 57 seconds West 338.80 feet; thence North
88 degrees 53 minutes 36 seconds East, parallel with the East -West half section
line of said Section, 800.00 feet; thence South 0 degrees 56 minutes 57 seconds
East 1726.13 feet; thence northwesterly 550.14 feet along an arc to the right
having a radius of 4463.66 feet and subtended by a long chord having a bearing of
North 54 degrees 36 minutes 59 seconds West and a distance of 549.80 feet;
thence North 51 degrees 05 minutes 08 seconds West 465.22 feet; thence North 0
degrees 56 minutes 57 seconds West 761.20 feet to the East -West half section line
of said East half the point of beginning, and containing 26.203 acres, more or less.
with said real estate having the following Key No. 25- 1013 -0218, 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 the for 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 Il. 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 approval by the Mayor.
embe f the Common Council
2 I Filed in Clerk's C`'
r,.�...__,_ _ .,
PRESENTED 7 --� 6�7- 93
YSOT. APPROVED
7- -24v' -93