HomeMy WebLinkAboutConfirming Tax Abatement - Indiana-Michigan Valves Inc. 3502 W. McGill St. (3 Year Real Property) RESOLUTION
NO. 1576-87
Passed by the Common Council of the City of South Bend, Indiana,
December 21, 19 87 .
Attest: e f( City Clerk/
Attest:,e1.��,• if i ��0 L President of Common Council.
t /
Presented by me to the Mayor of the City of South Bend, Indiana
December 22, 19 87
K A-4-,,,—.,,,,_..-.../ City Clerk
Approved and signed by me Of . 1 ga 19 87 .
UL �� Mayor
RESOLUTION NO. t c,—R
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND COMMONLY KNOWN AS 3502 W. McGill Street, South Bend,
In, 46628
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF REAL
PROPERTY TAX ABATEMENT
WHEREAS, the Common Council of the City of South Bend has
adopted a Declaratory Resolution designating certain areas within
the City as Economic Revitalization Areas forthe purpose of tax
abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as 3502 W. McGill Street South Bend, In 46628
and which is more particularly described as follows:
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, St. Joseph County, Indiana,
described as follows:
Commencing at the northeast corner of said section 28; thence
south 89 degrees 48'05" west (the bearing of the south line of
the southeast quarter of section 28 is assumed north 90 degrees
00'00"west) a distance of 1305.00 feet along the north boundary
of said northeast quarter to the centerline intersection of
Cleveland Road and Kenmore Street; thence south 00 degrees 00'23"
west a distance of 363.70 feet to a cross cut in the pavement;
thence south 09 degrees 59'37" east a distance of 531.87 feet to
a cross cut in the centerline of Kenmore Street; thence south 80
degrees 00'23" west a distance of 40.00 feet to a 1/2" iron
rebar; and being the point of beginning; thence south 09 degrees
59'37" east along the west boundary of the Kenmore Street
right—of—way a distance of 193.65 feet to a 1/2" iron rebar;
thence southerly along said west boundary 213.72 feet along an
arc to the right having a radius of 1869.86 feet and subtended by
a long chord having a bearing of south 06 degrees 43'10" east and
a length of 213.60 feet to a 1/2" iron rebar; thence north 89
degrees 59'37" west a distance of 244.44 feet to a 1/2" iron
rebar; thence north 00 degrees 00'23" east a distance of 382.35
feet to the south boundary of the McGill Street right—of—way and
a 1/2" iron rebar; thence easterly along said south boundary of
McGill Street right—of—way 90.16 feet along an arc to the left
having a radius of 1944.86 feet and subtended by a long chord
having a bearing of north 81 degrees 20'03" east and a length of
90.15 feet to a 1/2" iron rebar; then continuing along said
boundary north 80 degrees 00'23" east a distance of 86.41 feet to
a 1/2" iron rebar; thence south 54 degrees 59'34" east a distance
of 14.14 feet to the point of beginning and containing 2.000
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. That 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 REAL
property tax abatement only and is limited to two (2) calendar
years from the date of adoption of the Declaratory Resolution
bythe Common Council.
SECTION II. That 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.
Membe' of the ommon nci
Feed in Clerk's Office
DE�Cs 1r6A1987
PRESENTE0 k - a 1 -t7 IRENE GAMMON
NOT APPROVED GtrY CLERK, SO. SEND, IN.
),,..PTED 1 r.- oQ 1/4 -8-7