HomeMy WebLinkAboutConfirming Tax Abatement - Nimet Industries, Inc. 2424 N. Foundation Dr. (3 Year Real Property)NRESOLUTION
Passed by the Common Council of the City of South Bend, Indiana,
October 22, 90
City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
October 23, 90
9
Approved and signed by me_ ___October 26 Iq 90
City Clerk
Mayor
RESOLUTION NO. I �j q" q0
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS
2424 NORTH FOUNDATION DRIVE, SOUTH BEND, INDIANA,
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A 3 YEAR REAL
PROPERTY TAX ABATEMENT FOR
NIMET INDUSTRIES, 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 (Common Address) and which is more
particularly described as follnwc-
A parcel of land in part of the South Half of Section
28, Township 38 North, Range 2 East, German Township,
St. Joseph County, Indiana, described as follows:
Commencing at the southeast corner of said Section;
thence North 90 degrees 00 minutes 00 seconds West
2642.71 feet to the southeast corner of the Southwest
Quarter of said Section; thence South 89 degrees 57
minutes 33 seconds West 171.27 feet; thence North 0
degrees 00 minutes 47 seconds East 528.56 feet; thence
South 89 degrees 59 minutes 13 seconds East 40 feet to
the point of beginning of this description: thence
North 0 degrees 00 minutes 47 seconds East 375.00
feet; thence South 89 degrees 59 minutes 13 seconds
East 450.00 feet; thence South 0 degrees 00 minutes 47
seconds West 375.00 feet; thence North 89 degrees 59
minutes 13 seconds West 450.00 feet to the point of
beginning and containing 3.874 acres, more or less.
The bearing of the South line of the Southeast Quarter
of Section 28 is assumed North 90 degrees 00 minutes
00 seconds West.
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 three (3) years.
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.
Member of t>eC on Co it
62550
PRESENTED 10 - a a - q U
NOT APPROVED
ADOPTED (o'aa -gU
-2-
In Ch Os Clerk's
OCT
1 719%