HomeMy WebLinkAboutDesignating Tax Abatement - 902-910 E. Ireland Rd. and Bowen Dr. And High St. (3 Year Real Property) (2) RESOLUTION
NO. 1544-87
Passed by the Common Council of the City of South Bend, Indiana,
October 26 , 197
Attest: q—""`"` /J 3 City Clerk
Attest: --4p ( r % a President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
October 27, 19 87
(C. City Clerk
Approved and signed by me NJ18M 47 19 V / .
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Cam- s/ Mayor
i
RESOLUTION NO. IS-4 (4- a-7
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS
902- 910 EAST IRELAND ROAD AND BOWEN DRIVE AND HIGH STREETS
AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF REAL PROPERTY TAX ABATEMENT
WHEREAS , a petition for real property tax abatement consider-
ation has been filed with the Common Council of the City of South
Bend , requesting that the area commonly known as 902-910 East Ire-
land Road and Bowen Drive and High Streets , South Bend, Indiana,
and which is more particularly described as follows :
PARCEL I : Beginning at a point on the North line of the
Southeast Quarter of Section 25 , Township 37 North, Range
2 East , 836. 3 feet West of the Northeast corner of the said
Southeast Quarter ; thence South 230. 45 feet parallel with
the East line of the Southeast Quarter (East line of Section) ;
thence West 100 feet parallel with the said North line of the
said Southeast Quarter ; thence North 230.45 feet parallel
with the East line of the said Southeast Quarter to the
North line of the said Southeast Quarter ; thence East 100
feet along the said North line to the place of beginning.
PARCEL II : Part of the Southeast Quarter of Section 25 ,
Township 37 North, Range 2 East , beginning at a point 690. 3
feet West of the Northeast corner of said Southeast Quarter;
thence South 230. 45 feet ; thence West 146 feet to true point
of beginning of the land herein described ; thence North 65
feet ; thence East 57 . 67 feet ; thence South 7 feet ; thence
East 7 . 33 feet ; thence South 58 feet ; thence West 65 feet to
beginning.
PARCEL III : Part of the Southeast Quarter of Section 25 ,
Township 37 North, Range 2 East , situtate in Centre Township ,
St. Joseph County, State of Indiana, and being more particu-
larly described as follows : Beginning at a masonry nail in
the pavement on the North line of the Southeast Quarter of
said Section 25 , said point being 936. 3 feet West of an iron
pin monumenting the Northeast corner of the Southeast Quarter
of said Section 25 ; thence Westwardly along the North line
of the Southeast Quarter of said Section 25 ; thence Westward-
ly along the North line of the Southeast Quarter of said
Section 25 a distance of 18 feet to a point ; thence South-
wardly with a deflection angel of 88 degrees 38 minutes 50
seconds to the left , and parallel with the East line of the
Southeast Quarter of said Section 25 , a distance of 556 . 45
feet to an iron stake; thence Eastwardly parallel with the
North line of the Southeast Quarter of said Section 25 , a
distance of 114 feet to an iron stake ; thence Northwardly
parallel with the East line of the Southeast Quarter of said
Section 25 , a distance of 326 feet to a point ; thence West-
wardly parallel with the North line of the Southeast Quarter
of said Section 25 , a distance of 96 feet to a point ; thence
Northwardly parallel with the East line of the Southeast
Quarter of said Section 25 , a distance of 230.45 feet to the
place of beginning of this description.
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Beginning at a point on the Norht line of the Southeast Quar-
ter of Section 25 , Township 37 North, Range 2 East , 690. 3
feet West of the Northeast corner of the said Southeast Quar-
ter ; thence South 230. 45 feet parallel with the East line of
the said Southeast Quarter (East line of Section) ; thence
West 81 feet parallel with the said North line of the said
Southeast Quarter ; thence North 55 feet parallel with the
East line of the said Southeast Quarter ; thence West 65 feet
parallel with the North line of said Southeast Quarter; thence
North 175 . 45 feet parallel with the East line of the said
Southeast Quarter; thence East 146 feet to the place of begin-
ning EXCEPTING THEREFROM a parcel of land described as begin-
ning at the Northeast corner of the Southeast Quarter of said
Section 25 ; thence West 836 .3 feet along the North line of
said Southeast Quarter Section ; thence South 165 . 45 feet to
the point of beginning of the land herein described ; thence
continuing South a distance of 10 feet ; thence East 65 feet ;
thence North 3 feet ; thence West 7 . 33 feet ; thence North 7
feet ; thence West 57. 67 feet to the point of beginning.
Subject to : the lien of current real estate taxes not delin-
quent , all covenants , encumbrances, easements and restrictions
of record , and all tenants' rights .
A parcel of land being a part of the Southeast Quarter of Sec-
tion 25 , Township 37 North, Range 2 East , City of South Bend,
Centre Township , St . Joseph County, Indiana and being more
particularly described as follows :
Beginning at a point on the East line of said Southeast Quar-
ter that is 350. 00 feet South 0-00' -00" East of the Northeast
corner thereof ; thence South 0-00' -00" East , along said East
line , a distance of 206. 45 feet ; thence South 88-38 ' -50" West ,
parallel wiht the North line of said Southeast Quarter, a
distance of 420. 00 feet ; thence South 0-00 ' -00" East , parallel
with said East line, a distance of 173 . 27 feet to the North-
erly right-of-way line of Bowen Street, a 60 foot right-of-way ;
thence Westerly along said Northerly right-of-way line, a dis-
tance of 48 feet more or less to its intersection with the
Northerly projection of the West line of a parcel of land
conveyed to St. Joseph Bank and Trust Company by Warranty
Deed recorded in Deed Record 805 , Page 394 et sequitur in the
office of the Recorder of St . Joseph County, Indiana ; thence
Southerly, along said West line , a distance of 174 . 62 feet ,
more or less, to the Southwest corner of said St . Joseph Bank
and Trust Company parcel of land ; thence Easterly, a distance
of 23 feet to the Northwest corner of a parcel of land con-
veyed to Franchise Realty Corporation by Warranty Deed record-
ed in Deed Record 804 , Page 280 in said Recorder ' s office ;
thence South 0-00' -00" East , parallel with the said East line
of said Southeast Quarter and along the West line of said
parcel, a distance of 173. 72 feet to the North line of Widen-
er' s Addition, an Unrecorded Subdivision; thence South 88-37 ' -
38" West along said North line and the North line of Harold C .
Widener.' s.1st Addition, Unit "A" to the Southeast corner of a
parcel of land conveyed to Lester Sumrall Evangelistic Associ
ation, Inc . by Warranty Deed recorded as instrument number
8010363 in said Recorder ' s office ; thence North 0-00' -00" East ,
along the East line of said property, a distance of 461 . 9
feet to a corner thereof ; thence North 88-38 ' -50" East , along
a Southerly line of said Sumrall property, a distance of 371 . 04
feet to a point on the East right-of-way line of High Street ,
a 60 foot right-of-way; thence North 0-00'-00" East , along said
East Right-of-way line, to the South line of a parcel of land
conveyed to Slenderform/Universal Health Spas, Inc . by Warranty
Deed recorded as instrument number 7810741 in said Recorder ' s
office ; thence Easterly, along the South line of said parcel
to the Southeast corner thereof ; thence Northerly along the
East line of said parcel, a distance of 174 . 55 feet to its
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intersection with the Westerly projection of the South line
of a parcel of land known as "Parcel 1" conveyed to Standard
Federal Savings and Loan Association by Sheriff' s Deed re-
corded as instrument number 8406566 in said Recorder' s office ;
thence Easterly, parallel wiht the North line of said Quarter
Section to a point on the West line of property conveyed to
Indiana Bell Telephone Company, Inc. by Warranty Deed record-
ed in Deed Record 629, page 412 in said Recorder ' s office ;
thence Southerly, parallel with the East line of said Quar-
ter Section, a distance of 119 .55 feet to the Southwest cor-
ner of said parcel ; thence Easterly along the South line of
said parcel and its Easterly projection, a distance of 450. 00
feet to the place of beginning.
be designated as an Economic Revitalization Area under the provi-
sions of Indiana Code 6-1 . 1-12 . 1-1 , et seq. ; and South Bend Mun-
icipal Code Section 2-76 ; and
WHEREAS, the Department of Economic Development 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 South Bend Municipal Code Section 2-76 , and has further
prepared maps and plats showing the boundaries and such other in-
formation regarding the area in question as required by law; and
WHEREAS , the Human Resources and Economic Development Commit-
tee of the Common Council has reviewed said report and recommend-
ed 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 3 : 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 those individuals and the estimate of
the value of the redevelopment of rehabilitation and any other
benefits about which the body designating the economic revital-
ization area requires information are benefits that can be rea-
sonably expected to result from the proposed described redevel-
opment or rehabilitation.
SECTION II : That the Common Council hereby determines and
finds the following :
(A) if the proposed redevelopment or rehabilitation
does not occur, the approximate current year tax rate
for the City would be 15 . 0781
(B) If the proposed redevelopment or rehabilitation
does occur and no deduction is granted, the approximate
current year tax rate for the City would be 15 . 0046 ;
(C) If the proposed redevelopment or rehabilitation
occurs , the deduction is granted, and a deduction per-
centage of fifty percent (50%) is assumed, the approx-
imate current year tax rate for the City would be
15 . 0413
SECTION III : That the Common Council hereby determines and
finds that the proposed described redevelopment or rehabilitation
can be reasonably expected to yield the benefits identified in the
statement of benefits set forth as section 1 through 3 of the Pe-
tition for Real Property Tax Abatement Consideration and that the
statement of benefits is sufficent to justify the deduction grant-
ed under Section 6-1 . 1-12 . 1-3 of the Indiana Code.
SECTION IV: That the Common Council hereby accepts the re-
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port and recommendation fo the Human Resources and Economic Devel-
opment Committee that the area herein described be designated an
Economic Revitalization Area and hereby adopts a resolution des-
ignating this area as an Economic Revitalization Area for purposes
of real property tax abatement .
SECTION V : That the designation as an Economic Revitalization
Area shall be limited to two (2) calender years from the date of
the adoption of this Resolution by the Common Council.
SECTION VI : That the Common Council hereby determines that
the property owner is qualified for and is granted property tax
deduction for a period of three (3) years.
SECTION VII : This Resolution shall be in full force and ef-
fect from and after its adoption by the Common Council and approv-
al by the Mayor.
rember J the ommon Couj it
I
PRESENTED /0 ^a6 Sr >`s ;API `i @
NOT APPROVED
ADOPTED /p -a 6 — e7 OCT r ! 1987
iv r rnv en e,”1.:
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