HomeMy WebLinkAboutConfirming Tax Abatement - Bangor Refrigeration Building Addition Project 3620 W. McGill St. (5 Year Personal Property)RESOLUTION
1919 -92
Passed by the Common Council of the City of South Bend, Indiana
February 10, iv 92
City Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
February 11, 19 92
Approved and signed by me
February 14
of Common Council.
19 92
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
3620 WEST MC GILL STREET
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
BANGOR REFRIGERATION BUILDING ADDITION PROJECT
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 3620 West McGill Street, and which is more particularly
described as follows:
Commencina at the Northeast corner of said Section 28; thence
South 89' 48'05" West along the North line of said Quarter
Section, 1305.00 feet; thence South 00 00123" West along the
centerline of Kenmore Street, 363.70 feet; thence South 09°
59137" East along said centerline, 486.87 feet to the
centerline intersection of Kenmore Street and McGill Street;
thence South 80 000123" West along the centerline of McGill
Street, 303.50 feet; thence North 89 059137" West along said
centerline, 270.66 feet to the Point of Beginning; thence South
00 °00'00" West, 401.41 feet; thence North 89 °59'37" West,
523.60 feet; thence North 00 002141" East, 401.40 feet; thence
South 89 °59'37" West, 523.23 feet to the Point of Beginning,
and containing 4.823 acres, more or less, and is subject to all
easements, restrictions, and or limitations of record.
with said real estate have the following Key No. 25 500 505.9, as
an Economic Revitalization Area; and
WHEREAS, notice of the adoption of 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 1. The Common Council hereby confirms its Declaratory
Aesolufiori designating the area described herein as an Economic
Revitalization Area for the purposed of tax abatement. Such
designation is for Personal, property tax abatement only and is
a
limited to two (2) clendar 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
Municipt_ al Code of the City of South Bend and Indiana Code 6 -1,1-
12. 1 e 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.
MembCommon Council --
Filed in Clerk's Office
MMM -10 9 a, l 8�gnad ozl;r to DEC 1 71991
CITE. or to si+ �Por .. <
NOT APPROVED and. Co Heil action oz cihe �6au�
ADOPTED c�:2 _,D -
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