HomeMy WebLinkAboutConfirming Tax Abatement - Business Development Corp. 3615 McGill St. (6 Year Real Property)RES®LU9'190tV
Passed by the Common Council of the City of South Bend,
January 23, 19 89
Attest: _ _ City Clerk
Attest
Presented by me to the Mayor of the City of South Bend. Indiana
January 24, 89
19
of Common Council.
% _,i City Clerk
Approved and signed by me_ 1919.
Mayor
RESOLUTION NO. 1&`1a-s7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS 3615 MCGILL STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF
A 6 YEAR REAL PROPERTY TAX ABATEMENT FOR BUSINESS
DEVELOPMENT CORPORATION
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 3615 McGill Street particularly described as follows:
A PART of the Northeast Quarter of Section 28, Township 38
North, Range 2 East, of the City of South Bend, German
Township, St. Joseph County, Indiana, and described as follows:
COMMENCING at the Northeast corner of said Section 28; thence
South 89 °48105" West along the North line of said Quarter
Section, 1305.00 feet, thence South 00 000123" West along the
centerline of Kenmore Street, 363.70 feet; thence South
09 °59137" East along said centerline, 486.87 feet to the
centerline intersection of Kenmore Street and McGill Street;
thence South 80 000'23" West along the centerline of McGill
Street, 303.50 feet; thence North 89 059137" West along said
centerline,.270.66 feet to the Point of Beginning; thence
continuinng North 89 °59137" West, 523.23 feet; thence North
00 002141" East, 399.78 feet; thence South 89 048105" West,
522.97 feet; thence South 00 000123" West, 401.65 feet to the
Point of Beginning, and containing 4.812 acres, more or less,
and is subject to all easements, restrictions, and or
limitations 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 are 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 6 years.
SECTION III. This Resolution shall be in full force and effect
from and after its adoption by the Commo Council and approval by
the Mayor.
in Clerk $ w ik-eAet the Comm uncil
P ESERM ��a3' Sy JAN I igAq
NOT APPROVED
.ADOPTED I - a 3- F 9 CI'(� PURN, SO rw"��6.;