HomeMy WebLinkAboutConfirming Tax Abatement - Gordan Plastics Inc. Technology Dr. (5 Year Personal Property)RESOLUTION
NO. 1668 -88
Passed by the Common Council of the City of South Bend, Indiana,
November 14, 19 88
Attest: 4� e
Attest
Clerk
Presented by me to the Mayor of the City of South Bend, I
November
15,
88
19
Approved and signed by me_ // 14tl fit/ /
of Common Council.
City Clerk
NFORld
Mayor
RESOLUTION NO. 1LL.S,_k8'
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS TECHNOLOGY DRIVE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR GORDON
PLASTICS, 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
Technology Drive and which is more particularly described as follows:
A tract of land in the north half of Section 19, Township 38 North, Range
2 East, City of South Bend, German Township, St. Joseph County, Indiana,
said tract more particularly described as follows:
Commencing at the North Quarter corner of said Section 19; thence South
00054'38" East, on and along the North -South centerline of said Section
19, 110.75 feet to the South right -of -way line of Brick Road; thence North
88047'24" West, along said South line, 519.31 feet; thence South
00054'38" East, 1002.25 feet; thence North 89055'36" East, 18.97 feet;
thence South 00054'38" East, 311.85 feet to the true Place of Beginning,
said Point being the Southwest corner of Lot 10 as shown on the recorded
Plat of Landmark Business Park, Section Four, Part One, and recorded as
Instrument No. 8614459 in the Office of the Recorder of St. Joseph County,
Indiana; thence South 89043'00" West, 156.38 feet, thence South
00054'38" East, 371.47 feet; North 89043'00" East, 586.94 feet to a
point on the West Line of Technology Drive, said point being on a 70.00
foot radius curve; thence along said curve to the right through a central
angle of 07019'19 ", a chord length of 8.94 feet which bears North
04031'34" West, an arc distance of 8.95 feet to the P.T. of said curve;
thence North 00054'38" West, along the West line of Technology Drive,
362.56 feet to the Southeast corner of Lot 10 of aforesaid Landmark
Business Park, Section Four, Part One; thence South 89043'00" West,
along the South line of said Lot 10, 430.00 feet to the Place of
Beginning. Said tract contains 5.000 acres, more or less.
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 qualified for and is granted personal property tax deduction for a period
of five (5 ) 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.
PW%;SEN ,�. I I - I q —SSA
NOT. APPROVED
ADOPTED l 1 — i `E — iC K
Memb r of t e Common-Council
roped In Clerk's Offmw,
NOV 91988
IRENE GAMMOF
Carts CIfRK SO, PrNn