HomeMy WebLinkAboutConfirming Tax Abatement - Steel Warehouse Co. Inc. 2722 W. Tucker Dr. (5 Year Personal Property)RESOLYTiON
Passed by the Common Council of the City of South Bend, Indiana,
November 28, 10 88
Attest: _ City Clerk
Attest: 4 President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November 29, 88
19
City Clerk
Approved and signed by me_ ` q 19 9� .
""'� Mayor
RESOLUTION N0. __Q7LJ-2Sb .....
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA, COMMONLY KNOWN AS 2722 W. TUCKER DRIVE, SOUTH
BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAR ABATEMENT
FOR THE STEEL WAREHOUSE CO. INC. SLITTER MODERNIZATION AND
EXPANSION PROJECT.
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 designating the area
commonly known as 2722 W. Tucker Drive, South Bend, Indiana, and
which is more particularly described as follows:
Beginning at a point on the west line of the southeast
1/4 of the northwest 1/4 of said Section 15, a distance of
260.00 feet south of the northwest corner of said southeast
1/4 of the northwest 1/4, said point being on the south line
of Tucker Drive; thence east along said south line of Tucker
Drive 305.00 feet; thence south parallel with the west line
of said southeast 1/4 of the northwest 1/4, 490.85 feet to
the north right of way of the Indiana Northern Railway
Company; thence west along said north right of way line
225.70 feet to the west edge of Steel Warehouse Co. Inc.'s
building; thence north along said west edge of building
172.00 feet; thence west parallel with the north right of way
line of said Indiana Northern Railway Company 104.30 feet to
the southeast corner of a tract of land conveyed to Stanley
Enterprises, Inc.; thence north alone the east line of said
Stanley Enterprises, Inc. tract 320.74 feet to the south line
of Tucker Drive; thence east along said south line of Tucker
Drive 25.00 feet to the point of beginning, containing 3.314
acres, more or less.
Subject to highway and easements 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 The Common Council hereby confirms its
Declaratory Resolution designating the area described herein as a
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' Ill. This Resolution shall be in full force and
effect from and after its adoption by the Common Council and
approved by the mayor.
(prepared 10,118,188)
PRESENTED I I - a 9 -�
NOT APPROVED
ADOPT'' -D tI ` :), - g
M mber f the Common Council
NOV 2 2 1988
RENE t 7Y C RKGSeIp1