HomeMy WebLinkAboutConfirming Tax Abatement - River Glen South Associates (6 Year Real Property) RESOLUTION
NO. 1567-87
Passed by the Common Council of the City of South Bend, Indiana,
December 21, 19 87 .
Attest: 1e `0 K' / City Clerk
Attest n _Ss�I Y !�� President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December 22, 19 87 .
^zO K J City Clerk
Approved and signed by me 3f / as 19 77 .
y4_, Mayor
RESOLUTION NO. i f 6 7 -f(7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND COMMONLY KNOWN AS MONROE PARK DISPOSITION
PARCEL NO. M2-8, 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 Monroe Park Disposition Parcel No. M2-8, and
which is more particularly described as follows:
A parcel of land being Lots 5 , 6 , 7 and 8 , and the East half of a
vacated 11- foot -wide alley lying West of and adjacent to said Lots 6 ,
7 , 8 , all in Moses Stern ' s Subdivision of parts of Lots 19 and 20,
Denniston and Fellows Addition , South Bend , Indiana , and being more
particularly described as follows , viz :
Beginning at a point on the West right-of-way line of Fellows Street
( 60 feet wide ) , said point being South 0°-02 ' 20" East a measured { V
distance of 147 . 65 feet from the intersection of said West line with
the South right-of-way line of Monroe Street ( 82 . 5 feet wide ) , said
point being the Northeast corner of Lot 5 in said Moses Stern ' s
Subdivision ; thence South 0°-01 ' 20" East , along the West line of said
Fellows Street , being also the East line of Lots 5 , 6 , 7 and 8 in
said subdivision , a measured distance of 117 . 52 feet to the Southeast
corner of said Lot 8 ; thence North 89° -55 ' -40" West , along the South
line of said Lot 8 and said South line projected , a measured distance
of 137 . 28 feet to the centerline of an 11-foot -wide alley ; thence
- North 0°-02 ' -49" East , along said centerline and 5 . 50 feet West of
the West line of said Lots 8, 7 , and 6 , a measured distance of 85. 37
feet to the North line of said Lot 6 , projected West ; thence South
89° -55 ' -56" East , along said projected line , a distance of 5 . 50 feet
to the Northwest corner of said Lot 6 ; thence North 0°-02 ' -49" East ,
along a West line of said Lot 5 , a measured distance of 10. 04 feet to
a Northwesterly corner of said Lot 5 ; thence South 89° -57 ' -42" East ,
along a North line of said Lot 5 , thence South 890-57 ' -42" East along
a North line of said Lot 5 , a measured distance of 19 .35 feet ; thence
North 0° -02 ' -16" West , along a West line of said Lot 5 , a measured
distance of 22. 10 feet to a Northwesterly corner of said Lot 5 ;
thence South 89° -55 ' -38" East , along the most Northerly line of said
Lot 5 , a measured distance 112 . 29 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 tilt ('j2! 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 property
tax deduction for a period of six (6) 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.
/ ember of th- Common Cv ncil
MONROE.RES
(3) •
12/02/87
Filed In Clerk's Office
_ cc? 16AM19
87
PRESENTED "a IRENE DEC G
MON
1401 APPROVED
CITY ctrRK
$�M�r �N
?ADOPTED 1 A-a-e - 7 ' .