HomeMy WebLinkAboutConfirming Tax Abatement - Policemen's Federal Credit Union 1142 S. Main St. (3 Year Real Property)RESOLUTION
No. 2002 -93
Passed by the Common Council of the City of South Bend, Indiana,
January 11 19 93
Attest:__ _
Clerk
Presented by me to the Mayor of the City of South Bend, I
January 12, 93
19
of Common Council.
City Clerk
Approved and signed by me_
Mayor
RESOLUTION NO. D U �2 - 93
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1142 SOUTH MAIN STREET, SOUTH BEND, INDIANA, 46618
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL
PROPERTY TAX ABATEMENT FOR
POLICEMEN'S FEDERAL CREDIT UNION
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 Main Street, South Bend, Indiana, and
which is more particularly described as follows:
That Part of the Northwest Quarter of Section 13, Township
37 North, Range 2 East, Portage Township, City of South
Bend, St. Joseph County, Indiana, which is described as:
Lots H, I, K, L and M of the recorded Plat of "Stull's Third
Addition to the City of South Bend" as shown in Plat Book
#6, on Page #109 in the records of the St. Joseph County,
Indiana Recorder's Office and being more particularly
described as: Beginning at the Southwest Corner of Lot M of
the recorded Plat of "Stull's Third Addition to the City of
South Bend" as shown in Plat Book #6, Page #109 in the
records of the St. Joseph County, Indiana Recorder's Office
said point also being the intersection of the east
right -of -way line of Main Street and the north right -of -way
line of Stull Street; thence N. 00 °- 23' -38" W. along said
east line, 198.25 ft. (Record, 198.0 ft.) to the northwest
corner of Lot H in said Subdivision; thence N. 891- 21' -44"
E. along the north line of said Lot, 165.83 ft. (Record,
165.75 ft.) to the west right -of -way line of a 14 ft. public
alley and the northeast corner of said Lot; thence S.
000- 30' -02" E. along said west line, 198.37 ft. (Record,
198.0 ft.) to the north right -of -way line of Stull Street
and the southeast corner of said Lot M; thence S.
89 °- 24' -32" W. along said north right -of -way line, 166.20
ft. (Record, 165.75 ft.) to the Point of Beginning.
Containing 0.7758 acres or 32,923 square feet.
with said real estate having the following Key Nos.
18- 8004 -0195; 18- 8004 -0197; 18- 8004 -0198; 18- 8004 -0199;
18- 8004 -0200, 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 II. The Common Council hereby determines that the
property owner is qualified for and is granted Real property
tax deduction for a period of three (3) 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 seq.
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.
PRESENTED
NOT APPROVE.
ADOPTED
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embe of the Common Council