HomeMy WebLinkAboutConfirming Tax Abatement - Schafer Gear Works Inc. 814 S. Main St. (5 Year Personal Property)RESOLUTION
NO. 1876 -91
Passed by the Common Council of the City of South Bend, Indiana
June 10,
19 91
Attest:_ `-° & -- City Clerk
"',S'' President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indian
June 11, 91
19
City Clerk
Approved and signed by me_ ((Z )'5 19 G
Mayor
RESOLUTION N0. /,?/(-9
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
814 S. MAIN ST., SOUTH BEND, IN 46618
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR PERSONAL
PROPERTY TAX ABATEMENT FOR
SCHAFER GEAR WORKS, 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 814 S. Main St., South Bend, IN 46618,
and which is more particularly described as follows:
PARCEL I: All of the Lots Numbered One Hundred Nine (109)
and One Hundred Ten (110) as shown on the recorded Plat
of Daniel Garst's 1st addition to South Bend City, now
within and a part of the City of South Bend.
PARCEL II: All of Lots Numbered Two Hundred Fifty —seven
(257) and Two Hundred fifty —eight (258) as shown on the
recorded Plat of Daniel Garst's Subdivision of a part of
his 1st addition to South Bend City, now a part of the
City of South Bend.
PARCEL III: All of Lots Numbered Two Hundred Eleven (211)
and Two Hundred Twelve (212) as shown on the recorded Plat
of Daniel Garst's 1st addition to the South Bend City, now
within and a part of the City of South Bend.
PARCEL IV: Beginning at the Northwest corner of Lot Two
Hundred Twenty (220) in Garst's First addition to South Bend
City now within and a part of the City of South Bend, Indiana,
as recorded in Plat Book 3, page 41 in the Office of the
Recorder of St. Joseph County, Indiana said beginning point
being the intersection of the South line of said vacated
14 foot alley with the East right —of —way line of Main Street
as now exist; thence North 0 000100" East (bearing assumed)
alone said East right —of —way line of Main Street, a measured
distance of 52.13 feet to the South line of the North 30.00
feet of said Lot Two Hundred Sixty (260); thence North 89 °57'40"
East alone said South line and parallel with the North line of
said Lot 260, a measured distance of 200.37 feet to the East
line of Lot Two Hundred Twelve (212) in Garst's First addition;
thence South 0 °10'21" West along the East line of said Lot 212,
a measured distance of 51.93 feet to the Northeast corner of
Lot Two Hundred Thirteen (213) in said Garst's First addition
being also the Southeast corner of a 14 foot alley vacated by
Vacation Resolution 3444; thence South 89 °56'20" West along
the South line of said vacated 14 foot alley a measured distance
of 200.25 feet to the place of beginning.
PARCEL V: All of Lots Numbered Two Hundred Thirteen (213),
Two Hundred Fourteen (214), Two Hundred Fifteen (215),
Two Hundred Sixteen (216), and the East 10 feet of Lot
Numbered Two Hundred Seventeen (217) all as shown on the
recorded Plat of Daniel Garst's 1st addition of South Bend
City, now within and a part of the City of South Bend,
excepting therefrom the South 25 feet thereof.
(1)
PARCEL VI: All of Lots Numbered Two Hundred Eighteen (218),
Two Hundred Nineteen (219), and Two Hundred Twenty (220) and
the West 15 feet of Lot Numbered Two Hundred Seventeen (217)
All as shown on the recorded Plat of Daniel Garst's 1st
addition to South Bend City, now within and a part of the
City of South Bend, excepting therefrom the South 24.5 feet
thereof.
with said real estate having the following Key No. 18 3042 1621,
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
Resolution designating the area described her
Economic Revitalization Area for the purposes
Such designation is for Personal property tax
and is limited to two (2) calendar years from
adoption of the Declaratory Resolution by the
its Declaratory
ein as an
of tax abatement,
abatement only
the date of
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 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.
(2)
PRESENTED
NOT APPROVED
ADOPTED r -/2 - /
Z&Zzz-
Member the Common Council
Filed in Clerk's Office
MAY 81991