HomeMy WebLinkAboutConfirming Tax Abatement - Boliden Metech, Inc. 445 N. Sheridan Ave. (5 Year Personal Property)RESOLUTION
NO. 1823 -90
Passed by the Common Council of the City of South Bend, Indiana
November, 13, 90
19
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November,
14
90
9
Approved and signed by me _ November 14 ___
-- 19 —qa—.
Clerk
Mayor
RESOLUTION NO. / 0 a � -Qv
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS
445 NORTH SHERIDAN AVENUE, SOUTH BEND, INDIANA TO BE
AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR
PERSONAL PROPERTY TAX ABATEMENT FOR
BOLIDEN METECH, 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 445 North Sheridan Avenue, South Bend,
Indiana, and which is more particularly described as follows:
A tract of land in the Southwest 1/4 of Section 4,
Township 37 North, Range 2 East located in Portage
Township, City of South Bend, St. Joseph County,
Indiana, described as follows:
Beginning at a point on the West line of Sheridan
Avenue (80 foot right -of -way) 420.19 feet North
(assumed bearing) of the North line of Linden Avenue
(80 foot right -of -way) which point is also 207 feet
West and 460.19 feet North of the Southeast corner of
said Southwest 1/4 of Section 4; thence Northerly
along said West line of Sheridan Avenue 673.22 feet to
the Southerly right -of -way line of the Consolidated
Rail Corporation (formerly the New York Central
Railroad); thence North 79 018'30" West along said
Southerly right -of -way line of the Consolidated Rail
Corporation 429.83 feet; thence South 00 008'15" West
749.04 feet to a point 418.30 feet North 00 003'15"
East of the North line of Linden Avenue; thence East
perpendicular to the West line of Sheridan Avenue
370.56 feet to the point of beginning, containing
6.268 acres, more or less.
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.
SECTION III. This Resolution shall be in full force
effect from and after its adoption by the Common Council
approval by the Mayor. _,
and
and
Member of the
Filed in Clerk's Office
2 0 I
9 -/3 -90 _z_
NOT APPROVED
ADOPTED 1 ' - 19 _o Cj