HomeMy WebLinkAboutConfirming Tax Abatement - Communications Test Design Inc Lot 5.3B (6 Year Real Property)R E 400 L1V8T8kO N
Passed by the Common Council of the City of South Bend, Indiana
February 13, 19 89
R I'( ity Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 14, 89
19
" City Clerk
Approved and signed by me_ _ _ February__14, 1989
41t 4
�, Mayor
RESOLUTION N0. 9 N'- 8
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS LOT 5.3B, POINT
VERIDIAN TECHNOLOGY CAMPUS, TO BE AN ECONOMIC REVITALIZATION
AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX
ABATEMENT FOR COMMUNICATIONS TEST DESIGN, 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
Lot 5.3B, Point Veridian Technology Campus, and which is more particularly
described as follows:
A part of the Southeast Quarter of Section 28, Township 38 North, Range 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 Southeast Quarter of said
Section 28, said point being at the intersection of Bendix and Boland
Drives; thence South 89059'56" West (bearing assumed) along the
Southerly right -of -way line of Boland Drive 1502.51 feet; thence South
00021'33" West, 293.00 feet to the Point of Beginning; thence North
89058'56" East, 520.01 feet, thence South 00021'33" West, 293.00 feet;
thence South 89058'56" West, 520.01 feet; thence North 00021'33" East
293.00 feet to the Point of Beginning and containing 3.5 acres, more or
less, and is subject to easement restrictions and or convenants 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 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 qua- 1T'fieTTor and is granted 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 option by the Common Council and approval by the Mayor.
PRESENTED o7-/ 3' S 5/
NOT . ,rekOVW
ADOP i . D o2 - / 3' S 9
F E B B 1989
PIIRENE GAMMON