HomeMy WebLinkAboutConfirming Tax Abatement - Peter Adams, Judy M. Adams, Ted G. Spear, Debra K. Spear 2750 Foundation Dr. (3 Year Real Property)RESOl Y,TJON
Passed by the Common Council of the City of South Bend, Indiana
October 24, ,0 88
Attest:_ _ �___"""'_"� City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend,
October
25, 88
9
Approved and signed by me_ October 27,
C
City Clerk
M,
Mayor
RESOLUTION NO. I le W _ 1- 9
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS 2750 FOUNDATION DRIVE
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL
PROPERTY TAX ABATEMENT FOR
PETER ADAMS
JUDY M. ADAMS
TED G. SPEAR
DEBRA B. SPEAR
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 2750 Foundation Drive and which is more
particularly described as follows:
A PART of the Southwest Quarter of Section 28, Township
38 North, Range 2 East, of the City of South Bend,
Indiana, being also a part of Lot 4 -3 of the Airport
Industrial Park - Phase III, and is described as
follows:
COMMENCING at the Southeast corner of the Southwest
Quarter of Section 28, Township 38 North, Range 2 East,
said point being at the centerline of Lathrop Drive;
thence South 89 057133" West (bearing assumed) along the
South line of the Southwest Quarter of said Section 28,
171.27 feet; thence North 00 °00'47" East along the
centerline of Foundation Drive, 2178.77 feet; thence
South 89 059113" East, 40.0 feet to the Point of
Beginning; thence North 00 °00147" East, 234.09 feet;
thence South 89 059'13" East, 450.00 feet; thence South
00 °00'47" West, 234.09 feet; thence North 89 059113"
West, 450.00 feet to the Point of Beginning, and
containing 2.418 acres, more or less, and is subject to
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 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 Declara-
tory 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 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 /0 - P `i-V'?'
PLOT APPROVED
ADOPTED I o -- a y -
Membe of the ommon Council
OCT i 9 1988