HomeMy WebLinkAboutConfirming Tax Abatement - Lafayette Square (3 Year Real Property)RESOLYJ9T'1ON
Passed by the Common Council of the City of South Bend, Indiana
February 13,
Attest: /1�- 11 _ r"�City Clerk
N
Attest: ii/l%L/ President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 14, 89
9
/�7 ALA City Clerk
Approved and signed by me _ February _ 14, 19 89_
Mayor
RESOLUTION NO. IU '1M "09
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS
AN AREA BOUNDED BY CEDAR STREET ON THE NORTH,
EDDY STREET ON THE EAST, VACATED HULL STREET ON
THE SOUTH AND FRANCES STREET ON THE WEST
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A THREE YEAR REAL PROPERTY TAX ABATEMENT
FOR LAFAYETTE SQUARE
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 an area bounded by Cedar Street on the north, Eddy Street on
the east, vacated Hull Street on the the south and Frances Street on
the west and which is more particularly described as follows:
That part of the Southeast Quarter of Section 1, Township 37
North, Range 2 East, Portage Township, City of South Bend,
St. Joseph County, Indiana which is described as follows:
Beginning at the Northwest corner of Lot Numbered 1 in Hull's
Subdivision of Block it of Cotrell's First Addition to the Town
of Lowell as recorded in Plat Book # 10, Page # 105; thence
N. 900- 00' -00" E. along the South right -of -way line of Cedar
Street, 98.96 ft. (Record 99.00 ft.); ,thence S. 000- 14' -43" E.,
88.32 ft.; thence S. 890- 52' -57" E., 82:99 ft. to the West line
of a 14.00 ft. wide public alley; thence S. 000- 16' -18" E.
along said West line, 14.00 ft. to the North line of a 14.00 £t.
wide public alley; thence S. 890- 52' -57" E. along said North
line, 208.49 ft. to the East right -of -way line of Eddy Street;
thence S. 000- 02' -27" E. along said West line, 102.74 ft.
(Record 103.00 ft.) to the centerline of vacated Hull Street;
thence N. 890- 55' -26" W. along said centerline, 390.15 ft. to
the East right -of -way line of Frances Street; thence
N. 000- 13' -35" W. along said East line, 205.14 ft. to the point
of beginning.
Containing 1.00 acre and comprised of one (1) Lot.
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 pruposes 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 foit the purposes of tax abatement. Such
designation is for real p operty tax abatement only and is limited to
two (2) calendar years f om the date of adoption of the Declartory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the
property owner is qualified for and is granted property tax deduction
for a period of three (3) 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 " -,
r ;OT APPROVED
ADOPTED !,5 - S'9
Memb r of the Com#r ouncil
in U181K'S Unit
FEB 8 1989
IRENE GAMAJON
n4 ?5 PURR, So Ron