HomeMy WebLinkAboutConfirming Tax Abatement - P.A.I. Properties 3601 Lathrop (6 Year Real Property)RESOLUTION
NO. 1997 -92
Passed by the Common Council of the City of South Bend, Indiana,
December 14, 19 92
City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, I
December 15, 92
9
Approved and signed by me
City Clerk
December 17 19 92.
Mayor
RESOLUTION NO. /99'� 9q
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3601 LATHROP, SOUTH BEND, INDIANA
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL
PROPERTY TAX ABATEMENT FOR
P.A.I. PROPERTIES
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 3601
Lathrop, South Bend, Indiana and which is more particularly described as follows:
A part of the Southeast Quarter of Section 28, Township 38 North, Range 2
East of the Second Principal Meridian, German Township, St. Joseph County,
Indiana and described as follows:
Commencing at the Southeast corner of said Section 28 said point being at
the intersection of centerlines of Bendix Drive and Lathrop Street, thence
North 90 -00 -00 West (bearing assumed) along the South line of the Southeast
quarter of said Section 28 (being along the centerline of Lathrop) 1423.75
feet; thence North 00 -05 -56 East, 40.00 feet to the point of beginning; thence
North 90 -00 -00 West 454.93 feet; thence North 00 -05 -56 East, 803.76 feet;
thence North 45 -40 -30 East, 243.40 feet; thence North 44 -29 -49 East, 191.12
feet to the South line of 40' easement granted to C.S.S. and South Bend
Railroad; thence South 45 -02 -33 East along the said southerly easement
202.36 feet; thence South 00 -16 -23 East, 606.98 feet; thence South 00 -05 -56
West, 360.20 feet to the point of beginning and containing 10.226 acres more
or less and is subject to easements, restrictions and or covenants of record.
with said real estate having the following Key No. 25- 1010040028, 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 six (6) 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.
EJS01497
RRESENTED
NOT APPROVID
ADOPTED
is - /�Z/- 9a
A2 -ice -9a
—2—
Member of the Common Council
Filed in Verk's
INO!i _