HomeMy WebLinkAboutDesignating Tax Abatement - East Race Inn Partnership ( T. Brooks Brademas) (6 Year Real Property) RESOLUTION
NO. 1574-87
Passed by the Common Council of the City of South Bend, Indiana,
fenemher 21, 19 87 .
Attest: ( City Clerk
A+tesG�,� ��A President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 22 , 19 87
^^ K / es x•-•— --0—✓ City Clerk
Approved and signed by me ADOCQI7) c202� 19 37 .
71r? Mayor
RESOLUTION NO. 6a 14 V 7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN
AS 716 NORTH NILES AVE. , 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 for the purpose of tax abatement
consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known
as 716 N. Niles Ave, and which is more particularly described as follows:
A parcel of land being a part of the North half of the South half of
Section One, Township 37 North, Range 2 East, South Bend, St. Joseph
County, Indiana and being more particularly described as follows, viz:
Beginning at a point on the South line of Corby Street, South 89° 48 '
40" West 120 .00 feet from the West line of a fourteen ( 14) foot alley on
the West side of Cedar heights Addition to the City of South Bend,
Indiana, thence continuing along said South line of Corby Street, South
89° 48 ' 40" West, 258.66 feet; thence South 16° 17 ' 47" West 141.77
feet; thence South 64° 53 ' 57" West, 200. 00 feet to the Easterly line of
Niles Avenue; thence South 25° 06 ' 03" East, parallel with said Easterly
line of Niles Avenue 20.00 feet; thence North 71° 52 ' 29" East 250. 00
feet thence North 0° 31' 18" West 170.00 feet, thence South 89° 48 '
40" West parallel with Southerly line of Corby Street, 120 feet thence
North 0° 31' 18" West parallel with said West line of fourteen ( 14)
alley 150 . 00 feet to the point of beginning.
Subject to legal Highways.
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) calander
years from the date of adoption of the Declaratory Resolution by the
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 six (6) years.
SECTION III. The petitioner has met with the Design Review Committee
and has agreed to comply with the requirements of designating 75% of the
first floor of the project to retail use. Said condition is hereby made a
part of this abatement.
SECTION IV. This Resolution shall be in full force and effect from
and after its adoption by the Common Council and approval by the Mayor.
Filed In Clerk's Office
/_- _ ,,I�_ raitta-
MUM /`� (-Ff, DEC 161987 embe/of the Common P. n
NOT APPROVED IRENE GAMMON
ADOPTED 1 a-a 1 - %-7 CITY CURL SO. SEHM, IN.