HomeMy WebLinkAboutConfirming Tax Abatement - Schafer Gear Works Inc. 814 S. Main St. (5 Year Personal Property)RESOLUTION
NO. 1631 -88
Passed by the Common Council of the City of South Bend,
)"""-""--°--✓ City Clerk
of Common Council.
Presented by me to the Mayor of the City of South Bend,
26, 19 88.
Approved and signed by me
Clerk
Mayor
RESOLUTION NO. j \ - %
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, INDIANA COMMONLY KNOWN AS
814 S. MAIN ST. SOUTH BEND IN 46618 TO BE AN
ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A5 YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
SCHAFER GEAR WORKS, 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 814 S. Main St. South Bend, IN 46618
and which is more particularly described as follows:
PARCEL I: All of Lots Numbered One Hundred Nine(109)
and One Hundred Ten (110) as shown on the recorded Plat
of Daniel Garst's 1st addition to South Bend City,
now within and a part of the City of South Bend.
PARCEL II: All of Lots Numbered Two Hundred Fifty -seven
(257) and Two Hundred Fifty -eight (258) as shown on
the recorded Plat of Daniel Garst's Subdivision of
• part of his 1st addition to South Bend City, now
• part of the City of South Bend.
PARCEL III: All of Lots Numbered Two Hundred Eleven
(211) and Two Hundred Twelve (212) as shown on the
recorded Plat of Daniel Garst's lst addition to the
South Bend City, now within and a part of the City
of South Bend.
PARCEL IV: Beginning at the Northwest corner of Lot
Two Hundred Twenty (220) in Garst's First addition to
South Bend City now within and a part of the City
of South Bend, Indiana, as recorded in Plat Book 3,
page 41 in the Office of the Recorder of St. Joseph
County, Indiana said beginning point being the inter-
section of the South line of said vacated 14 foot
alley with the East right -of -way line of Main Steet
as now exist; thence North 0 °00'00" East (bearing
assumed) alone said East right -of -way line of Main
Street, a measured distance of 52.13 feet to the South
line of the North 30.00 feet of said Lot Two Hundred
Sixty (260); thence North 89 °57'40" East alone said
South line and parallel with the North line of
said Lot 260, a measured distance of 200.37 feet to
the East line of Lot Two Hundred Twelve (212) in Garst's
First addition; thence South 0 °10'21" West along the
East line of said Lot 212, a measured distance of
51.93 feet to the Northeast corner of Lot Two Hundred
Thirteen ( 213) in said Garst's First addition
being also the Southeast corner of a 14 foot alley
vacated by Vacation Resolution 3444; thence South
89 °56'20" West along the South line of said vacated
14 foot alley a measured distance of 200.25 feet to
the place of beginning.
PARCEL V: All of Lots Numbered Two Hundred Thirteen
(213), Two Hundred Fourteen (214), Two Hundred Fifteen
(215), Two Hundred Sixteen (216) and the East 10 feet
of Lot Numbered Two Hundred Seventeen (217) all as
shown on the recorded Plat of Daniel Garst's 1st addition
of South Bend City, now within and a part of the City of
South Bend, excepting therefrom the South 25 feet thereof.
PARCEL VI: All of Lots Numbered Two Hundred Eighteen
(218), Two Hundred Nineteen (219) and Two Hundred Twenty
(220) and the West 15 feet of Lot Numbered Two Hundred
Seventeen (217) all as shown on the recorded Plat of
Daniel Garst's 1st addition to South Bend City, now
within and a part of the City of South Bend, excepting
therefrom the South 24.5 feet thereof.
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 remonstrarres and objections from
interested person; 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.
PRESENTED 7 -ate -�
NOT APPROVED
ADOPTED
-2-
ber of the Common Council
clerk's bftx-4,
JUL ? o 1988