HomeMy WebLinkAboutDesignating Tax Abatement - 3602 W. Sample St. (5 Year Personal Property) RESOLUTION
NO. 1553-87
Passed by the Common Council of the City of South Bend, Indiana,
November 23 , 19 87.
Attest: /C °°"^^" "—`� City Clerk
Attest,._ '_.J_ ( �.' / �L President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
November 24, 19 87.
S{ t4_...t_ City Clerk
Approved and signed by me 140170174,tili 255 19 g7 .
r �� Mayor
RESOLUTION NO. /5S3 Fr7
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY COMMONLY KNOWN AS
3602 WEST SAMPLE STREET AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF PERSONAL
PROPERTY TAX ABATEMENT.
WHEREAS, a petition for personal property tax abatement consideration
has been filed with the Common Council of the City of South Bend, requesting
that the area commonly known as 3602 West Sample Street, South Bend, Indiana,
and which is more particularly described by a line drawn as follows:
PARCEL 1 A part of the Northeast Quarter, Section 16,
township 37 North, Range 2 East, 2nd P.M., in the City of
South Bend, Saint Joseph County, Indiana and also being a part
of the land of the Torrington Company, a Delaware Corporation
(Book 768, page 163 and Book 709, pages 559 and 560, Office of
the Recorder) containing 5.118 acres and more particularly
described as follows:
Beginning at a point which is 40.0 feet South of the Northwest
corner of the East Half of the Northeast Quarter of said
section, said point being also on the South Right-of-Way line
of Sample Street; thence S 00 03'W (the bearing of said South
Right-of-Way line is assumed due East-West) a distance of
395.6 feet; thence N 90 00'W a distance of 9.00 feet; thence S
0 03'W a distance of 465.0 feet; thence N 90 00'W a distance
of 39.87 feet to the Easterly Right-of-Way of the New Jersey,
Indiana and Illinois Railroad Company; thence N 21 44'W a
distance of 47.18 feet; thence Northwesterly along the arc of
a curve to the left, having a radius of 487.15 feet; a central
angle of 45 25'16" and a chord of 376.15 feet, a distance of
386.19 feet; thence N 00 03'E a distance of 548.22 feet to the
South Right-of-Way line of Sample Street; thence S 90 00'E on
said Right-of-Way line a distance of 330.00 feet to the point
of beginning.
and
PARCEL 2 A part of the Northeast Quarter, Section 16,
Township 37 North, Range 2 East, 2nd P.M. , in the City of
South Bend, Saint Joseph County, Indiana and also being a part
of the land of the Torrington Company, a Delaware Corporation
(Book 709, pages 559, 560, and 561 , Office of the Recorder)
containing 3.067 acres; and more particularly described as
follows:
Beginning at a point 900.6 feet South of the North line of
said Section 16, and 1390.55 feet East of the East line of
Sheridan Avenue, which point is on the North line of proposed
Industrial Avenue and on the Westerly line of an 18 foot
railroad spur Right-of-Way for track 2; thence S 21 29'E a
distance of 123.45 feet along said Right-of-Way to a point of
tangency of a curve to the left, and which Right-of-Way line
is at all points 9.0 feet Westerly, at right angles from the
center line of spur tract Number 2 of said Railroad, said
curve is more particularly defined by the following 4 courses
running along said Right-of-Way Southeasterly from the point
of tangency and measured along chords to said curve, viz: S 19
41 'E a distance of 60.0 feet; thence S 22 54'E a distance of
100.0 feet; thence S 37 14'E a distance of 100.0 feet; thence
S 53 52'E a distance of 100.0 feet to the North
Right-of-Wayline of spur tract Number 1 of said railroad
company, thence N 89 51 'W a distance of 364.44 feet along said
Northern Right-of-Way line of spur tract Number 1 ; thence N 00
03'E adistance of 364.38 feet; thence N 89 57'W a distance of
128.91 feet; thence N 00 02'W a distance of 318.24 feet;
thence S 89 13'W a distance of 13.76 feet; thence N 00 03'E a
distance of 11 .76 feet to the Westerly Right-of-Way of the New
Jersey, Indiana and Illinois Railroad Company Right-of-Way of
spur tract Number 2; thence along said Right-of-Way
Southeasterly 371 .89 feet along an arc to the right having a
radius of 469.15 feet and subtended by a long chord having a
bearing of S 44 26'30"E and a length of 362.22 feet to the
point of tangency of said curve; thence S 21 44'E a distance
of 40.0 feet to the point of beginning.
PARCEL 3 EASEMENT An easement for vehicular and pedestrian
crossing over, upon and across, and for parking upon the
following described real estate: A part of the Northeast
Quarter, Section 16, Township 37 North, Range 2 East, 2nd
P.M. , in the City of South Bend, Saint Joseph County, Indiana
containing 0.175 acres, more or less and more particularly
described as follows:
Beginning at a point 900.6 feet South of the North line of
said Section 16 and 1390.55 feet East of the East line of
Sheridan Avenue, which line is on the Westerly line of an
18-foot railroad spur Right-of-Way of the New Jersey, Indiana
and Illinois Railroad Company; thence N 21 44'W a distance of
40.00 feet along said Westerly Right-of-Way; thence along said
Right-of-Way Northwesterly 371 .89 feet along an arc to the
left having a radius of 469.15 feet and subtended by a long
chord having a bearing of N 44 26'30"W and a length of 362.22
feet; thence N 0 03'E a distance of 19.2 feet to the Easterly
Right-of-Way of said railroad spur; thence along said
Right-of-Way Southeasterly 386.19 feet along an arc to the
right having a radius of 487.15 feet and subtended by a long
chord having a bearing of S 44 26'35"E and a length of 376.15
feet; thence S 21 44'E a distance of 47.18 feet; thence N 90
00'W a distance of 19.38 feet to the point of beginning.
Commonly known as 3602 West Sample Street, South Bend,
Indiana 46619.
be designated as an Economic Revitalization Area under the
provisions of Indiana Code 6-1 .1-12.1-1 , et. seq. ; and
WHEREAS, the Redevelopment Commission has concluded an
investigation and prepared a report with information sufficient for
the Common Council to determine that the area qualifies as an
Economic Revitalization Area under Indiana Code 6-1 .1-12.1-1 , et
seq. , and has further prepared maps and plats showing the boundaries
and such other information as required by law of the area in
question; and
WHEREAS, the Human Resources and Economic Development
Committee of the Common Council has reviewed said report and
recommended to the Common Council that the area qualifies as an
Economic revitalization Area.
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 accepts the report
and recommendation of the Human Resources and Economic Development
Committee that the area herein described be designated an Economic
Revitalization Area and hereby adopts a resolution designating this
area as an Economic Revitalization Area for purposes of personal
property tax abatement.
-2-
SECTION II. That the Common Council hereby determines and finds that
the estimate of the number of individuals that will be employed or whose
employment will be retained and the estimate of the annual salaries of
these individuals and the estimate of the value of the redevelopment or
rehabilitation of the other benefits about which the Common Council has
obtained information are benefits that can be reasonably expected to
result from the installation of the new manufacturing equipment.
SECTION III . That the Common Council hereby determines and finds the
following:
(A) If the proposed new manufacturing equipment is not installed, the
approximate current year tax rate for the City would be $15 .0781;
(B) If the proposed new manufacturing equipment is not installed and
no deduction is granted, the approximate current year tax rate for the
City would be $15. 0764;
(C) If the proposed new manufacturing equipment is installed, the
deduction is granted, and a deduction percentage of eighty percent ( 80%)
is assumed, the approximate current year tax rate for the City would be
$15.0773 .
SECTION IV. That the Common Council hereby determines and finds that
the proposed new manufacturing equipment can be reasonably expected to
yield the benefits identified in the statement of benefits as set forth in
sections 1 through 3 of the Petition for Personal Property Tax Abatement
Consideration and the statement of benefits is sufficient to justify the
deduction granted under Section 6-1. 1-12. 1-4. 5 of the Indiana Code.
SECTION V. That the Common Council determines that such designation
is for personal property tax abatement only and shall be limited to five
calendar years from the date of the adoption of this resolution by the
Common Council.
SECTION VI. That the Common Council directs the City Clerk to cause
notice of the adoption of this resolution to be published, said
publication providing notice of the public hearing before the Common
Council on said declaration.
SECTION VII . This Resolution shall be in full force and effect from
and after its adoption by the Common Council and approval by the Mayor.
a. / Cam- / / i
(ember : he ommon Cou' •il
PRESEN1 O //-. 3 - g ?
NOT APPROVED /1
ADOPTED 1/- as -Sy� Q,o es. -- .0
SECTION II. That this designation shall be limited to five
(5) calendar years from the date of the adoption of this Resolution
by the Common Council .
SECTION III. That the Common Council directs the City Clerk
to cause notice of the adoption of this resolution to be published,
said publication providing notice of the public hearing before the
Common Council on said declaration.
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.
Member/of the Common Council
Final hi Clerk's Office
NOV 1 8 1987
REM GAMMON
CITY CLERK, SO. SEND, Pt3.
PRESENTED 21 -a 3 -87
NOT APPROVED
ADOPTER
-3-