HomeMy WebLinkAboutConfirming Tax Abatement - Niles/Colfax Associates 431 E. Colfax Ave. (6 Year Real Property)NO. RE��OLUTION
Passed by the Common Council of the City of South Bend, Indiana,
April 23, 90
19
Attest:— - - -- �'� �_ City Clerk
At +es +:4/IM/_2 74C/ /17-w i President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
April 24, 90
Approved and signed by me
April 24
City Clerk
Mayor
RESOLUTION NO. 90
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN A 431 E. COLFAX AVENUE TO BE
AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 6 YEAR REAL PROPERTY TAX
ABATEMENT FOR
NILES /COLFAX ASSOCIATES
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 and consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as 431 E. Col f ax:. Avenue and which is more
particularly described as follows:
A parcel of land being a part of the Lots 38 and 42 inclusive
along with vacated alleys, or parts thereof in the Original Plat
to the Town of Lowell, now City of South Bend, Portage Township,
St. Joseph County, Indiana being more particularly described as
follows:
Beginning at the Southeast corner of said Lot 42, thence
North 89- 54' -0 -11 West along the South line of said Lot 42 also
being the North right -of -way of Colfax Street, a distance of
139.77 feet: thence north 4- 51' -15" West, a distance of 70.11
feet: thence North 5- 27' -04" West, a distance of 66.59 feet,
thence North 3- 49' -42" West, a distance of 66.69 feet: thence
North 5 -10' -101, West, a distance of 14.89 feet: thence North
6- 331 -25" West, a distance of 68.34 feet to the North line of a
16 foot alley: thence North 89- 57' -07" East along the North line
of said alley, a distance of 178.84 feet to the West right -of -way
line of Niles Avenue: thence South 0- 12' -20" West along the West
right -of -way line of said Niles Avenue, a distance of 347.40 feet
to the place of beginning containing 1.245 acres more or less.
Subject to any easements, covenants or restrictions of
record.
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 personal
property tax deduction for a period of six (6') 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.
3-"V4� Mil'A in Member of e C on Council
lark's Office
PRESENTED �%-' a 3-0/0 Member
2 2
NOT APPROVED I
ADOPTED `mvlrr %J9 BEND, IN.