HomeMy WebLinkAboutConfirming Tax Abatement - Fortuna Land Co. of Indiana (Harbor Metal Treating) 802 S. Fellows (3 Year Real Property)RESNgLY5T190N
Passed by the Common Council of the City of South Bend, Indiana,
November 13, 19 89
Attest: r "`_ City Clerk
Attest: -- President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November 14, 89
19
Approved and signed by me_ November 16
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City Clerk
Mayor
RESOLUTION NO. /7 ✓5- F9
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS 802 SOUTH FELLOWS TO BE
AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL
PROPERTY TAX ABATEMENT FOR
FORTUNA LAND CO. OF INDIANA.(HARBOR METAL TREATING)
WHEREAS, the Common Council of the City of South Bend, Indiana has
adopted a Declaratory Resolution designating certain areas the City as
Economic Revitalization Areas for the purpose of tax abatement
consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known
as 802 South Fellows and which is more particularly described as follows:
A parcel of land being a part of the plat of E. H. Rush's Second Addition,
and adjacent vacated alleys, in the City of South Bend, Indiana, and being
more particularly described as follows, viz: Beginning at the Northwest
corner of Lot 168 as shown on the recorded plat of E. H. Rush's Second
Addition; thence North 890 - 55' -29" East, along the North line of said
lot 168 and said North line projected, and along the North line of Lot 155
in said Addition, a measured distance of 289.20 feet to the Northeast
corner of said Lot 155; thence South 00 -02' -36" East, along the West
line of Rush Street as shown on said plat, and said line extended, a
measured distance of 50.14 feet to the South line of a 14 foot wide alley
lying South of and adjacent to said lots 168 and 155; thence South 890
-56' -02" West, along said South line of said alley a measured distance of
289.15 feet to the East line of Fellows Street as shown on said plat,
extended south; thence North 00 -05' -41" West, along said East line of
Fellows Street, a measured distance of 50.10 feet to the point of
beginning.
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 -2.2; 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.
PRESENTED l 1- 13 S 9
NOT APPROVED 11 cc
ADOPTED 11— 13 - D 9
JOV 8 199,-
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