HomeMy WebLinkAboutConfirming Tax Abatement - Sibley Machine & Foundary Corp. 220 W. Eckman (5 Year Personal Property) RESOLUTION
NO. 1569-87
Passed by the Common Council of the City of South Bend, Indiana,
December 21 . 19 87 .
Attest: ` K ° "" City Clerk
Attest.10Lt;/�` � /4[� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 22, 19 87 _
4 ., City Clerk
Approved and signed by me 1' ' • ' l2d 19 8'7 .
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":2.---IVAr Mayor
RESOLUTION NO. t —(nit - Si 7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND COMMONLY KNOWN AS 220 WEST ECKMAN
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF PERSONAL 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 pur-
pose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as 220 West Eckman and High Streets and which is
more particularly described as follows :
Real Estate in St. Joseph County, in the State of
Indiana, described as follows:
A tract of land located in the Northwest Quarter of
Section 24 , Township 37 North, Range 2 East, City of
South Bend, St. Joseph County, Indiana, and described
as follows:
Beginning at an iron pipe at the Southwest corner of
the Northwest Quarter of said Section 24; thence North
00°00 ' 00" East (all bearings assumed) along the West
line of the said Quarter Section, 1136 .35 feet to a 4"
fence post, said point being at the South Right of Way
of Eckman Street (50 ' Right of Way) ; thence North
88°48 '43" East along the said Right of Way line of
Eckman Street 343 .75 feet to a point identified by a
cross cut in concrete, said point being on the Right
of Way line of Pennsylvania System Vandalia Rail Road
Company (99 ' Right of Way) ; thence Southwesterly along
the said Rail Road Right of Way 1174 .85 feet measured
on a curve to the right having a radius of 5682 .44
feet, subtended by a chord having a bearing of South
13°08 ' 02" West and a chord length of 1172. 80 feet;
thence South 88°59 '32" West, 77.20 feet to the Point
of Beginning and containing 6.035 acres more or less .
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 qualifi-
cations 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 here-
in 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 . That 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.
OF
'embef o the Common Coil
Filed In Clerk's Office
DEC t�u 1^6 1987/�
PRESENTED � a-al�g� IRENE GAMMON
CITY CLERK, SO. BEND, IN.
NOT APPROVED
-2-
ADOPTED 1 .a-a + b17