HomeMy WebLinkAboutConfirming Tax Abatement - Southeast Corner of St. Louis & Wayne St. (3 Year Real Property) RESOLUTION
NO. 1515-87
Passed by the Common Council of the City of South Bend, Indiana,
June 8 , 19 R7.
Attest: ( K t, City Clerk
Attest:/ / / _' President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
June 9, 19 87
`ce_ r s ,✓ City Clerk
Approved and signed by me n'e.) 9 19 97
77-4 C41,2111/4"—nryor
RESOLUTION NO. f. I S-a 7
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, COMMONLY KNOWN AS
SOUTHEAST CORNER OF ST. LOUIS AND WAYNE STREETS
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 pur-
pose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as the Southeast Corner of St. Louis and Wayne
Streets and more particularly described as follows :
A parcel of land being a part of the Northeast Quarter
of Section 12, Township 37 North, Range 2 East, City
of South Bend, Portage Township, St. Joseph County,
Indiana and being more particulary described as fol-
lows:
Lots 264 through 268, Lots 273 and 274, the west 55
feet of Lots 270 through 272, and the south 40 feet of
Lot 272, of Cottrell ' s First Addition to Lowell ' s,
City of South Bend.
Along and together with parts of Lots 269 and 275 as
shown on said plat described as beginning at the
Northwest corner of said Lot 269; thence North
89-42 '-28" East, along the North line of said Lots 269
and 275 and their Easterly projection a distance of
410 .40 feet to the Southwest corner of Lot 340 in said
recorded plat; thence South 89-41' -01" West, along the
Westerly projection of the South line of said Lot 340,
a distance of 32 . 85 feet; thence South 85-28 ' -03"
West, a distance of 212. 60 feet; thence South
79-35 ' -35" West, a distance of 167. 67 feet to a point
on the West line of said Lot 269; thence North
0-15 ' -45" West along said West line to the place of
beginning .
Along and together with the first east/west alley
south of Wayne Street running between St . Louis Blvd.
and St. Peter Street, and the first north/south alley
east of St. Louis Blvd. running between Wayne and the
first east/west alley south of Wayne Street .
as an Economic Revitalization Area; and
WHEREAS, notice of the adoption of a Declaratory Reso-
lution and the public hearing before the Council has been pub-
lished 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 quali-
fications 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 real property tax abatement
only and is limited to real property improvements made with two
(2) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council .
SECTION II . The Abatement deduction shall be for
three (3) years . Such determination is made under the
authority of I .C. 6-1. 1-12 . 1-3 .
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. I
ff . o the Common Co/ cil
., �,,,. ' Pte•
e i bt i s O fic%:..
PRESENTED 6- 7
JUN 21987
NOT APPROVED
IRENF CAMMOk
ADOPTED ( -
CM CLERK, 3s. a
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