HomeMy WebLinkAboutConfirming Tax Abatement - Lock Joint Tube Inc. 1400 Riverside Dr. (5 Year Personal Property)Attest:
RESOL9YT2ION
Passed by the Common Council of the City of South Bend,
January 27, 19 92
Clerk
Attest:_ . (/ (� e ��et President of Common Council.
Presented by me to the Mayor of the City of South Bend,lndiana
January 28, 92
19
Approved and signed by me_
2
MEN
Clerk
Mayor
RESOLUTION NO. IFI, 9'q
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN AS 1400 RIVERSIDE DRIVE, SOUTH
BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
LOCK JOINT TUBE 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 tart abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as 1400 Riverside Drive, South Bend, Indiana, and
which is more particularly described as follows:
Beginning at the Southeast corner of the Southwest 1/4
of said Section 35; thence South 89 49152" West (bearing
assumed) along the South line of said Section, 308.97 feet;
thence North 89 55100" West, 116.4 feet; thence North 00
00127" West, 12.00 feet to the North line of a 12 foot alley;
thence North 89 55100" West along said North line of alley,
236.61 feet to a point 120.00 feet South 89 55100" East of
the East line of Kessler Boulevard, 128.00 feet to a point on
the South line of King Street, 180.00 feet South 89 55118"
East of the Northeast corner of Lot 10 as shown on the Second
Plat of Northwest Addition to the city of South Bend recorded
April 6, 1906 in Plat Book 0, pages 30 and 31; thence South
89 55118" East along the South line of King Street, 352.84
feet; thence North 00 0OF 27" West, 194.85 feet to a point on
the centerline of the East and West 14 foot alley between
King Street and McCartney Street produced East; thence North
00 06109" East, 128.81 feet; thence North 89 46149" East
287.05 feet to the Westerly line of Riverside Drive; thence
South 16 37115" West along a chord subtending said'Westerly
line of Riverside Drive, 455.43 feet to the South line of
Said Section 35; thence North 90 00' 00" West along said
South line, 156.71 feet to the point of beginning.
Commencing at the Southeast corner of the 1/4 of said
Section 35; thence North 00 00'30" West (bearing assumed)
along the East line of said Southwest 1/4 a distance of
463.14 feet to the Point of Beginning for the following
described tract; thence continuing North 00 00130" West along
said East line 336.00 feet to the South line of Queen Street;
thence South 89 56109" West along said South line of Queen
Street 176.60 feet; thence North 00 02136" East 195.00 feet
to the centerline of the East and West 14 foot alley between
K:inyon Street and Queen Street; thence South 89 56109" West
along said cernterline of alley, 131.27 feet; thence South 00
06v090 West along the East line of Lot 145 in the Third Plat
of Northwest Addition recorded March 7, 1907 in Plat Book 9'
page 60 in the Office of the St" Joseph County Recorder and
its Northerly and Southerly extensions, 195"00 feet to the
south line of Queen Street; thence South 89 56109" West along
said South line of Queen Street, 12"93 feet to the East line
of Allen Street; thence South 00 05151'/ West along said east
line of Allen Street, 329.87 feet to the South line of
McCartney Street; thence South 89 58127" East along said
South line of McCartney Street, 12°91 feet; thence South 00
06v09" West 6"11 feet; thence North 89 56109" East 308.71
feet to the Point of Beginning"
with said real estate having the following Key No. 18 2110 4067,
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 Bendv Indiana/ as follows:
SECTION 1. 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) yearsv 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"1-1 et seg.
SECTION III. This Resolution shall be in full force and
effect from and after its adiption by the Common Council and
approval by the Mayor.
NOT APPROVED
ADOPTED
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Member�bf the Commcm CcuncIl
filed in Clerk's Office