HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Lathe Inc. 400 W. Sample St. (5 Year Personal Property)RE §cp �WTj0N
Passed by the Common Council of the City of South Bend, Indiana
November 14, 19 88
A—� City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend,
November 15, 88
19
Approved and signed by me_ 7A- 41-Y -7 //LOl____ 19 .
Clerk
Mayor
RESOLUTION NO. I (o (uf�- Fi y
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
COMMONLY KNOWN AS 400 WEST SAMPLE STREET,
SOUTH BEND, INDIANA 46625, TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A FIVE
(5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
SOUTH BEND LATHE, 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 400 West Sample Street, South Bend, Indiana
46625, and which is more particularly described as follows:
A parcel of land being part of the Northeast Quarter of
Section 14, Township 37 North, Range 2 East of the
Second Principal Meridian, and being more particularly
described as follows, viz:
Beginning at the Northwest corner of Tract No. 4 of the
Studebaker Corporation Replat as recorded in Plat Book
11, Page 184, in the Office of the Recorder of St.
Joseph County, Indiana; thence South 89 51' 46" East,
along the North line of said Tract No. 4, said line
being also the South Right -of -Way line of Sample
Street, a distance of 1200.01 feet to a point 241.64
feet North 89 51' 46" West of the West Right -of -Way
line of Franklin Street, said point being on the
Northerly projection of the West wall line of a
building; thence South 0 21' 18" East, along said
projection and along said West wall line, a distance of
421.71 feet to an angle point; thence South 27 52' 38"
East, along a wall line, a distance of 27.70 feet to an
angle point; thence North 89 38' 42" East, along a
wall line, a distance of 132.73 feet to a point 96.19
feet South 89 38' 42" West of the West Right -of -Way of
Franklin Street; thence South 0 21' 55" East, parallel
with the West Right -of -Way of Franklin Street, a
distance of 160.27 feet to a point 96.18 feet South 89
55' 21" West of said West Right -of -Way of Franklin
Street; thence South 89 55' 21" West, a distance of
134.32 feet to a point; thence North 12 19' 39" West,
a distance of 162.12 feet to a point; thence North 89
51' 39" West, a distance of 647.32 feet to a point;
thence South 0 04' 26" West, a distance of 28.28 feet
to a point; thence North 89 50' 26" West, a distance
of 100.00 feet to a point; thence South 0 04' 26"
West, a distance of 62.99 feet to a point; thence North
88 32' 07" West, a distance of 443.76 feet to a point;
thence North 0 07' 13" East, a distance of 83.15 feet
to a point on a non - tangent curve which is convex to
the Southwest; thence Northwesterly along said curve,
having a radius of 323.50 feet and a central angle of
34 37' 17 ", an arc distance of 195.48 feet to the
point of tangency on said curve; thence North 3 53'
00" West, a distance of 13.87 feet to a point; thence
North 61 39' 41" West, a distance of 169.36 feet to
the Easterly Right -of -Way line of Chapin Street; thence
North 5 57' 39" East, along said Easterly Right -of -Way
line, a distance of 29.04 feet to an angle point;
thence continuing along said Easterly Right -of -Way
line, North 0 10' 33" West, a distance of 43.02 feet to
a point of tangency for a curve convex to the
Northwest; thence Northeasterly along said curve,
having a radius of 94.48 feet and a central angle of 88
00' 40 ", an arc distance of 145.13 feet to the point of
tangency of said curve, said point being on the South
Right -of -Way line of Sample Street; thence North 87
50' 07" East, along said South Right -of -Way line, a
distance of 135.89 feet to the place of beginning,
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.
property owner is
tax deduction for
The Common Council hereby determines that the
qualified for and is granted personal property
a period of five (5) years.
SECTION III. This Resolution
effect from and after its adoption
approval by the Mayor.
embe of the Common Council
P;?ESEP17_0 t l -
1 `( --��
NOT APPROVED
ADOPTED \ � �'
shall be in full force and
by the Common Council and
tiled In Clerk's Of#icu
NOV 91988