HomeMy WebLinkAboutConfirming Tax Abatement - Mack Tool & Die, Inc. 2820 Viridian St. (5 Year Personal Property)Attest:
RESOLUTION
NO. 7.768 -90
Passed by the Common Council of the City of South Bend. Indiana
Attest:
February
12, 19 90.
�_K l✓ City Clerk
Presented by me to the Mayor of the City of South Bend,
February
Approved and signed by me
e
13,
90
19
of Common Council.
City Clerk
February 14 __ 19 90.
e -� Mayor
RESOLUTION NO. 1 � & 0 _ qV
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS 2820 VIRIDIAN STREET, SOUTH BEND,
INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR
THE PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX
ABATEMENT FOR MACK TOOL & DIE, 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 2820 Viridian Street, South Bend, Indiana, and which is more
particularly described as follows:
The following described real estate located in St.
Joseph County, in the State of Indiana:
A part of the Southeast Quarter (1 /4) of Section
Twenty -eight (28) , Township Thirty -eight (38)
North, Range Two (2) East, of the Second Principal
Meridian, City of South Bend, St. Joseph County,
Indiana, and described as follows:
Commencing at the Northeast corner of the South-
east Quarter (1/4) of said Section 28, said point
being at the intersection of Bendix and Boland
Drives; thence South 89 degrees 58 minutes 56
seconds West (bearing assume) along the Southerly
right -of -way line of Boland Drive 1242.51 feet to
the point of beginning; thence South 00 degrees 21
minutes 33 seconds West, 293.00 feet; thence South
89 degrees 58 minutes 56 seconds West, 260.00
feet; thence North 00 degrees 21 minutes 33
seconds East, 293.00 feet, thence North 89 degrees
58 minutes 56 seconds East, 260.00 feet to the
point of beginning.
Subject to legal highways,
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
to two (2) calendar years from the date
Resolution by the Common Council.
abatement only and is limited
of adoption of the Declaratory
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 and effect
from and after its adoption by the Common Council and approval by the
Mayor.
PRESENTED cX I a—(?()
NOT APPROVED
ADOPTED L — J of — Q0
Member of th Comi Council
— 2 —