HomeMy WebLinkAboutConfirming Tax Abatement - Steel Warehouse Co. Inc. 2722 W. Tucker Dr. (5 Year Personal Property)Attest:
RESOLUTION
NO. 1965 -92
Passed by the Common Council of the City of South Bend, Indiana,
August 10,
9 92
Clerk
Attest:_ .�_�1_� �wwC!"-� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
August 11, 92
9
Approved and signed by me to\ ____
19 6
City Clerk
Mayor
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS
2722 WEST TUCKER DRIVE
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
STEEL WAREHOUSE CO. 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 2722 West Tucker Drive and which is more particularly
described as follows:
A part of the southeast 1/4 of the northeast 1/4 of
Section 16, Township 37 North, Range 2 East in the City
of South Bend, St. Joseph County, Indiana, described as
follows:
Commencing at the intersection of the east line of said
Section 16 with the south line of Tucker Drive, said
point being 260.00 feet south of the north line of said
southeast 1/4 of the northeast 1/4; thence west along
the westerly extension of the south line of Tucker
Drive, 213.00 feet to the true Point of Beginning;
thence south parallel with the east line of said
Section, 499.07 feet to the north right of way line of
the former Indiana Northern Railway Company; thence
westerly along said north right of way line, 166.00
feet; thence north parallel with the east line of said
Section, 499.76 feet to the westerly extension of the
south line of Tucker Drive; thence east along said
westerly extension of the south line of Tucker Drive,
166.00 feet to the Point Of Beginning and containing
1.90 acres, more or less.
with said real estate having the following Key No. 18-
80752844.06, 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
601.1 -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.
PRESENTED
NOT APPR6VED
ADOPTED
8 - /a -9R
Memb r of e Common Council