HomeMy WebLinkAboutDesignating Tax Abatement - Adams Engineering, Inc. 1702 W. Washington St. (5 Year Personal Property)RESOLUTION
NO. 1632 -88
Passed by the Common Council of the City of South Bend, Indiana,
Attest: _ l� A�� City Clerk
Presented by me to the Mayor of the City of South Bend,
26, 19 88
of Common Council.
City Clerk
Approved and signed by me 7L.
(.c I4 / 19�•
6uP'e'_
Mayor
RESOLUTION NO. \ (. YD - $ K
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
1702 WEST WASHINGTON STREET
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT
FOR ADAMS ENGINEERING, INC.
WHEREAS, a petition for personal property tax abatement has
been filed with the City Clerk for consideration by the Common
Council of the City of South Bend, requesting that the area
commonly known as 1702 West Washington Street, South Bend,
Indiana, and which is more particularly described as follows:
TRACT NO. 1. A part of the East Half of the Northeast
quarter of Section No. 10 in Township No. 37 North,
Range No. 2 East, described as follows, viz:
Beginning at a point 92.05 feet South of the South
line of Washington Avenue in the City of South Bend,
and 14.55 feet East of the West line of College Street
(produced South) in said City; thence East a distance
of 109.9 feet more or less to the Westerly line of the
right of way of the Chicago, Indiana and Southern
Railway at a point 92.05 feet South of the South line
of said Washington Avenue (produced East); thence
North 19 degrees 56 minutes West along the said
Westerly line of the right of way of the Chicago,
Indiana and Southern Railway a distance of 22.25 feet;
thence North 15 degrees 38 minutes West along the said
Westerly line of the right of way of the Chicago,
Indiana and Southern Railway a distance of 50 feet to
the Southerly line of Circle Avenue in said City;
thence Northwesterly along the Southerly line of
Circle Avenue to a point 14.55 feet East of the West
line of said College Street (produced South); thence
South to the place of beginning.
TRACT NO. 2. A part of the East Half of the Northeast
Quarter of Section No. 10, in Township No. 37 North,
Range No. 2 East, described as follows, viz:
Beginning at a point 92.05 feet South of the South
line of Washington Avenue in the City of South Bend,
and 13.84 feet East of the West line of College Street
(produced South) in said City; thence East along the
center line of a party wall and the center line
produced, a distance of 110.61 feet to the Westerly
line of the right of way of the Chicago, Indiana and
Southern Railway; thence South 19 degrees 56 minutes
East a distance of 28.35 feet; thence South 25 degrees
35 minutes East, a distance of 30.02 feet; thence West
along the North side of a brick wall and said North
side produced, a distance of 133.25 feet to a point
13.84 feet East of the West line of College Street
(produced South); thence North a distance of 53.20
feet to the place of beginning.
TRACT NO. 3. A lot or parcel of land in the City of
South Bend located in the East 1/2 of the Northeast
1/4 of Section Number 10, Township Number 37 North,
Range Number 2 East, bounded by a line running as
follows, viz:
Beginning at a point in the South line of West
Washington Avenue 7.58 feet West from a point where
the West line of College Street extended South would
intersect the South line of said West Washington
Avenue; thence South 208 feet; thence West 395.87
feet; thence North 208 feet to the South line of
Washington Avenue; thence East along the South line of
Washington Avenue a distance of 395.87 feet to the
place of beginning.
Also beginning at a point in the South line of West
Washington Avenue 7.58 feet West from a point where
the West line of College Street extended South would
intersect the South line of Washington Avenue and
being at the Northeast corner of the above described
tract; thence South along the East line of the above
described tract 293.6 feet to an iron stake; thence
East 19.69 feet, more or less, to the Southwest corner
of a tract of land conveyed to the South Bend
Wholesale Drug Company by deed recorded in Deed Record
333, page 336; thence North 293.6 feet, more or less,
to a point in the South line of West Washington Avenue
20 feet East of the place of beginning; thence West 20
feet to the place of beginning.
Subject to easements and restrictions of record.
be designated as an Economic Revitalization Area under the
provisions of Indiana Code 6 -1.1- 12.1 -1 et sea.; and South Bend
Municipal Code section 2 -76 et sea., and;
WHEREAS, the Department of Economic Development has
concluded an investigation and prepared a report with
information sufficient for the Common Council to determine that
the area qualifies as an Economic Revitalization Area under
Indiana Code 6 -1.1- 12.1 -1 et sea., and South Bend Municipal
Code section 2 -76, et sea., and has further prepared maps and
plats showing the boundaries and such other information
regarding the area in question as required by law; and;
WHEREAS, the Human Resources and Economic Development
Committee of the Common Council has reviewed said report and
recommended to the Common Council that the area qualifies as an
Economic Revitalization Area.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of South Bend, Indiana, as follows:
SECTION I. The Common Council hereby determines and finds
that the Petition for Personal Property Tax Abatement and
Statement of Benefits form completed by the Petitioner meet the
requirements of I.C. 6 -1.1- 12.1 -1 et sea., and qualifies under
the provisions of South Bend Municipal Code Section 2 -76, et
sea., for tax abatement.
SECTION II. The Common Council hereby determines and finds
the following:
A. That the estimate of the value of the
redevelopment or rehabilitation is reasonable for
projects of this nature;
B. That the estimate of the number of individuals who
will be employed or whose employment will be retained
can reasonably be expected to result from the proposed
described redevelopment or rehabilitation;
C. That the estimate of the annual salaries of those
individuals who will be employed or whose employment
will be retained can be reasonably expected to result
from the proposed redevelopment or rehabilitation;
-2-
D. That the other benefits about which information
was requested are benefits that can be reasonably
expected to result from the proposed described
redevelopment or rehabilitation; and;
E. That the totality of benefits is sufficient to
justify the deduction; all of which satisfy the
requirements of I.C. 6 -1.1- 12.1 -3 and which can be
reasonably expected to result from the installation of
the new manufacturing equipment.
SECTION III. The Common Council hereby determines and
finds that the proposed new manufacturing equipment can be
reasonably expected to yield the benefits identified in the
Statement of Benefits as set forth in sections I through II of
the Petition for Personal Property Tax Abatement consideration
and that the Statement of Benefits form prescribed by the State
Board of Accounts are sufficient to justify the deduction
granted under Section 6 -1.1- 12.1 -4.5 of the Indiana Code.
SECTION IV. The Cc
and recommendation of
Development Committee
designated an Economic
personal property tax
designation.
>mmon Council hereby accepts the report
the Human Resources and Economic
that the area herein described be
Revitalization Area for purposes of
abatement and hereby makes such a
SECTION V. The Common Council determines that such
designation is for personal property tax abatement only and
shall be limited to two (2) calendar years from the date of the
adoption of this Resolution by the Common Council.
SECTION VI. The Common Council hereby determines that the
property owner is qualified for and is granted property tax
deduction for a period of five (5) years.
SECTION VII. The Common Council directs the City Clerk to
cause notice of the adoption of this Declaratory Resolution for
Personal Property Tax Abatement to be published, said
publication providing notice of the public hearing before the
Common Council on the proposed confirming of said declaration.
SECTION VIII. This Resolution
effect from and after its adoption
approval by the Mayor.
M tuber o the Common Council
7545J
PRESENTED '� - '-? s-_ e$-
NOT APPROVED
shall be in full force and
by the Common Council and
ADOPTE9 7 ---� S — &K 1 —3—
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JUL 2 01988
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