HomeMy WebLinkAboutConfriming Tax Abatement - Ivy Tower Corporation 635 S. Lafayette Blvd. (10 Year Real Property) RESOLUTION
NO. 1573-87
Passed by the Common Council of the City of South Bend, Indiana,
ferember 21, 19 87 .
Attest: City Clerk
Attest: „ 4 or Ad ad • Al L' President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 22, 19 87 .
k [" - / City Clerk
Approved and signed by meefin..46..00 c2ai 19 $7 .
" Mayor
•
RESOLUTION NO . tS 1 4-20
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND COMMONLY KNOWN AS 635 SO. LAFAYETTE BLVD .
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 635 So . Lafayette Blvd .
and which is more particularly described as follows :
The land referred to is located in the County of St . Joseph ,
State of Indiana , and described as follows :
A part of the Southeast Quarter (4) of Section Eleven (11) , and
part of the Southwest Quarter (1/4) of Section Twelve (12) , all
in Township Thirty-seven (37 ) North, Range Two ( 2 ) East of the
2nd P.M. , more particularly described as follows:
Beginning at the Northeast corner of Tract No. 3 of the Studebaker
Corp. Replat, as recorded in Plat Book 11, page 184 , in the Office
of the Recorder of St. Joseph County, Indiana; thence South
00°12 ' 10" East along the East line of said Tract No.. 3 (being
also the West line of Lafayette Boulevard) a distance of 690. 31
feet to a point; thence South 89°42 ' 54" West a distance of 598. 92
feet to a point; thence North 00.°40 ' 02" West a distance of 286.76
feet to a point; thence North 89°36 ' 07" West a distance of 66.16
feet to a point; thence North 00°12 '30" West a distance of 120.87
feet to a point; thence North 24°46 ' 30" West a distance of 91.77
feet to a point; thence North 89°29 '14" West a distance of 97.00
feet to a point; thence North 00°30 ' 46" East a distance of 84.60
feet to a point; thence North 89°29 '14" West a distance of 0.67
feet to a point; thence North 00°30 ' 46" East a distance of 20.30
feet to a point; thence North 89°29 '14" West a distance of 6. 40
feet to a point; thence North 00°30 ' 46" East a distance of 102.64
feet to the North line of Tract No. 3 as aforesaid; thence South
89°32 ' 00" East along said North line of said Tract Nc. 3 (being
also the South line of the New York Central Railroad Right of
Way) , a distance of 807.09 feet to the point of beginning.
ALSO, a non-exclusive perpetual easement for vehicular and
pedestrian ingress and egress in, upon and over the following
described real estate:
A part of the Southeast Quarter of Section 11, Township 37 North,
Range 2 East, more particularly described as follows:
Commencing at the Northeast corner of Tract No. 3 of the Studebaker
Corporation Replat as recorded in Plat Book 11, page 1.84, in the
Office of the Recorder of St. Joseph County, Indiana; thence South
00°12 '10" East a distance of 690.31 feet to a point; thence South
89°42' 54" West a distance of 646.47 feet to the point of beginning;
thence continuing South 89°42 ' 54" West a distance of 30.03 feet
to a point; thence South 02°06 '30" West a distance of 268. 30 feet
to a point; thence South 04°39 ' 23" West a distance of 169.34 feet
to a point; thence South 06°01 ' 08" West a distance of 123.28 feet
to a point; thence South 00°16' 04" West a distance of 35.06 feet
to a point on the North line of Sample Street, said North line
being also the Southerly line of said Tract No. 3 of the Studebaker
Corporation Replat; thence South 89°51 '46" East along said North
line of Sample Street a distance of 30.00 feet to a point; thence
North 00°16 ' 04" East a distance of 33.42 feet to a point; thence
North 06°01 '08" East a distance of 122.15 feet to a point; thence
North 04°39 '23" East a distance of 170.38 feet to a point) thence
North 02°06 ' 30" East a distance of 270.24 feet to the point of
beginning. (All bearings assumed.) .
• ALSO, a non-exclusive perpetual easement for storm and sanitary
sewer drainage purposes in, upon and over the following described
real estate:
A part of the Southeast Quarter of Section 11; Township 37 North,
Range 2 East, more particularly described as follows :
Beginning at a pont on the Westerly line of Tract No. 3 of the
Studebaker Corporation 's Replat as recorded. in Plat Book 11, page
184 , in the Office of the Recorder of St. Joseph County, Indiana,
379.03 feet Northerly of the Southwest corner thereof (as measured
along said Westerly line of said Tract No. 3) ; thence South
89°08 '27" East a distance of 184.28 feet to a point; thence South
88°42 ' 25" East a distance of 759. 39 feet to a point; thence North
00°17 ' 06" West a distance of 282.10 feet to a point; thence North
89°42 '54" East a distance of 20.00 feet to a point; thence South
00°17 ' 06" East a distance of 302.66 feet to a point; 'thence North
88°42 ' 25" West a distance of 779.88 feet to a point; thence North
89°08 ' 27" West a distance of 195 .13 feet the the Westerly line
of Tract No. 3 as aforesaid; thence North 29°30 ' 57" East along
said Westerly line of Tract No. 3 a distance of 22.79 feet to
the point of beginning. (All bearings assumed) .
ALSO, a non-exclusive easement for a roadway for ingress and egress
and to maintain railroad service to lands and buildings of Grantor
and Grantee, their successors and assigns, reserved to Wood
Brothers, Inc. in the Warranty Deed to South Bend Warehouse
Corporation recorded in Deed Record 697, page 125 , described as
follows :
A part of the Southeast Quarter of Section 11, Township 37 North,
Range 2 East of the 2nd P.M. , more particularly described as
follows: Beginning a the Northwest corner of Tract No. 3 of the
Studebaker Corporation Replat, as recorded in Plat Book 11,, page
184, in the Office of the Recorder of St. Joseph County, Indiana;
thence South 29°30 ' 57" East along the Easterly line of Prairie
Avenue, a distance of 179. 51 feet for a point of beginning; thence
South 60°29 ' 03" East a distance of 64.34 feet to a point on a
curve convex to Northwest and having a radius of 346 . 30 feet and
a central angle of 28°11 '20" ; thence Northeasterly along said
curve an arc distance of 170.38 feet to a point; thence South
89°29 '14" East a distance of 85.40 feet to a point; thence South
00°30 ' 46" West a distance of 5.00 feet to a point; thence South
89°29 '14" East a distance of 13.40 feet to a point; thence North
00°30 ' 46" East a distance of 5 . 00 feet to a point; thence South
89°29 '14" East a distance of 27 .50 feet to a point; thence South
00°30 ' 46" West a distance of 63.00 feet to a point; thence North
89°29 '14" West a distance of 242. 65 feet to a point on a curve
convex to the Northwest and having a radius of 308.50 feet and
a central angle of 22°24 ' 19"; thence Southwesterly along said
curve an arc distance of 120 .64 feet to the point of compound
curvature with a curve convex to the Northwest and having a radius
of 985.00 feet and a central angle of 15°14 '57" ; thence
Southwesterly along said last described curve an arc distance
of 262 .16 feet to the point of tangency of said curve; thence
South 29°30 '57" West a distance of 256. 39 feet to a point; thence
South 89°42 ' 54" West a distance of 30.23 feet to the Easterly
line of Prairie Avenue; thence North 29°30 '57" East a distance
of 632 . 00 feet to the point of beginning.
ALSO, a non-exclusive easement for a roadway for ingress and egress
reserved to the Grantor, Wood Brothers, Inc. in the Warranty Deed
to South Bend, Warehouse Corporation in Deed Record 697, page
126, described as follows :
A part of the Southeast Quarter of Section 11, Township 37 North,
Range 2 East, of the 2nd P.M. , more particularly described as
follows: Beginning at the Northwest corner of Tract No. 3 of
the Studebaker Corporation Replat as recorded in Plat Book 11,.
page 184, in the Office of the Recorder of St. Joseph County,
Indiana; thence South 89°32 '00" East a distance of 251.33 feet
to a point; thence South 00°30 '46" West a distance of 102 .64 feet;
thence South 89°29 '14" East a distance of 6.40 feet to a point;
thence South 00°30 ' 46" West a distance of 20.30 feet to a point;
thence South 89°29 '14" East a distance of 0.67 feet to a point;
thence South 00°30 ' 46" East a distance of 84.60 feet to a point;
thence South 89°29 '14" East a distance of 97.00 feet for a point
of beginning; thence South 24°46 ' 30" East a distance of 91.77
Page 2
feet to a point; thence South 00°12 ' 30" East a distance of 120.87
feet to a point; thence North 89°36 ' 07" West a distance of 31.95
feet to a point; thence North 00°12 ' 30" West a distance of 120.53
. feet to a point; thence North 24°46 ' 30" West a distance of 92.22
feet to a point; thence South 89°29 '14" East a distance of 32.14
feet to the point of beginning.
ALSO, a non-exclusive easement to maintain on the surface and
underground storage of fuel oil reserved to the Grantor, Wood
Brothers, Inc. , in a Warranty Deed to South Bend Warehouse
Corporation recorded in Deed Record 697 , page 126, described as
follows:
A part of the Southeast Quarter of Section 11, Township 37 North,
Range 2 East of the 2nd P.M. , more particularly described as
follows: Beginning at the Northwest corner of Tract No. 3 of
the Stsudebaker Corporation Replat, as recorded in Plat Book 11 ,
page 184, in the Office of the Recorder of St. Joseph County,
Indiana; thence South 89°32 ' 00" East a distance of 251.33 feet
to a point thence South 00°30 '46" West a distance of 102 . 64 feet
to a point; thence South 89°29 '14" East a distance of 640 feet
to a point; thence South 00°30 ' 46" West a distance of 20 . 30 feet
to a point; thence South 89°29 '14" East a distance of 0 .67 feet
to a point; thence South 00°30 ' 46" West a distance of 84 . 60 feet
for a point of beginning; thence South 89°29 '14" East a distance
of 15.00 feet to a point; thence South 00°30 ' 46" West a distance
of 46.00 feet to a point; thence North 89°29 '14" West a distance
of 48.00 feet to a point; thence North 00°30 ' 46" East a distance
of 15.00 feet to a point; thence South 89°29 ' 14 " East a distance
of 33 .00 feet to a point; thence North 00°30 ' 46" East a distance
of 31.00 feet to the point of beginning.
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 by
the Common Council .
SECTION II . That the Common Council hereby determines
that the property owner is qualified for and is granted real (real
property tax deduction for a period of ten (10)
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 .
Air
Mel of th- Common ncil
e sled In Clerk's Office
PRESENTED \a -a t - so OCT 71987
NOT APPROVED Page 3 IRENE GAMMON
111Y CLERK, SO. BEND. iv
ADOPTED t a-ea`-%' 7