Loading...
HomeMy WebLinkAboutDesignating Tax Abatement -Valley Realty Trust 213 Washington St. (2 Year Real Property) RESOLUTION NO. 1462-87 Passed by the Common Council of the City of South Bend, Indiana, January 26 , 19 87 Attest: T`" ° City Clerk i Attest: ► f ; i(J Fit '> President of Common Council. / / Presented by me to the Mayor of the City of South Bend, Indiana January 27, 19 87 4° . r A- bff City Clerk Approved and signed by me /Lfi" yd azy 77 19 d / . /eul ?,-✓ Mayor RESOLUTION NO. i.q(6 -SC7 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 213 WEST WASHINGTON STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 213 West Washington Street, South Bend, Indiana, and which is more particularly described as follows: PARCEL 1 : Lots Numbered Two Hundred Thirty-Nine (239) and Two Hundred Forty (240) as shown on the Original plat of the Town, now City of South Bend, Indiana; ALSO, a parcel of land to the West of and adjacent to Lots 239 and 240 as shown on the Original plat of the Town, now City of South Bend, Indiana, more particu- larly described as beginning at the Southwest corner of said Lot Numhered 240; thence North along the West line of said Lots to the Northwest corner of said Lot Numbered 239; thence West 14 feet; thence South to a point 14 feet West of the point of beginning; thence East 14 feet to the point of beginning . (a) Title to the building and improvements located on Parcels 1, 2 and 3 . (b) Lessee' s interest in leasehold on the fee simple title to parcel 1 under 99 year ground lease from Pak Joint Venture (Landlord) , a joint venture organized and existing under the laws of the State of Indiana and composed of Pick-Indiana Corporation, an Indiana corporation, American Realty of South Bend, Inc. , an Indiana corpora- tion, and K. M. Corporation, an Indiana corpo- ration (which Landlord' s interest is now by mesne assignments held by Americana Hotels and Realty Corporation, a Maryland corporation) , to Jack W. Kelley (Tenant) , which Tenant ' s interest by mesne assignments is now held by Americana South Bend Associates, an Indiana General Partnership) , dated Decemher 1, 1967 and recorded January 30, 1968 in Miscellaneous Record Book 236, pages 618 to 668, both inclusive, amended by Supplemental Agreement to Ground Lease by and between the said Landlord and the said Tenant dated December 1, 1967 and recorded July 15, 1968 in Miscellaneous Record Book 241, pages 135 to 143 , both inclu- sive, in said Recorder ' s Office. (c) Easements for the benefit of the interests in the land descrihed as 2(a) and 2(b) above, granted by American National Bank and Trust Company of South Bend, now Valley American Bank and Trust Company, to Pak Joint Venture dated November 3 , 1970 and recorded November 6, 1970 in Deed Record 732 , pages 299 and 300, as corrected by correcting affidavit recorded November 16, 1970 in Deed Record 732 , page 454 (as to Parcel 2) and dated November 11, 1970 and recorded November 16, 1970 in Deed Record 732 , pages 455 and 456 (as to Parcel 3) , in the Office of the Recorder of St. Joseph County, Indiana, and granted, expanded and confirmed by Agreement Confirming Easements from V. B. T. Realty Corp. , an Indiana corporation, to The Main and Washington Joint Venture dated Janu- ary 16, 1984 and recorded April 6, 1984 as Docu- ment No. 8406169 in the Office of the Recorder of St . Joseph County, Indiana, and further granted, expanded and confirmed by Second Confirmation of Easements between Valley American Bank and Trust Company and V. B. T. Realty Corp. , dated April 6 , 1984 and recorded April 6, 1984 as Document No . 8406170 in the Office of the Recorder of St . Joseph County, Indiana. (d) Fee Simple title to the land described as Parcel 1, Schedule A, 4, exclusive of (a) , (b) and (c) supra . PARCEL 2 : Beginning at the Southeast corner of Lot Numbered Two Hundred Forty-Three (243) as shown on the Original Plat of the Town, now city of South Bend, Indiana; thence North, on and along the East line of said Lot 243 , 66 feet, more or less , to the South line of an alley that is 14 feet wide and is known as Columbia Court; thence East, on and along said South line of said alley, 15 feet to a point; thence South 66 feet, more or less, to a point on the North line of Lot 239 in said Original Plat; thence West, on and along said North line of said Lot 239, 15 feet to the point of beginning . PARCEL 3 : Part of Lot Numbered Two Hundred Thirty- Eight (238) as shown on the Original Plat of the Town, now City, of South Bend, Indiana, more particularly described as follows: Beginning at a point 1. 0 feet East of the Southwest corner of said Lot 238; thence North parallel with the West line of said Lot 238, 12 . 80 feet; thence East parallel with the mmm South line of said Lot 238, 7. 80 feet; thence South parallel with said west line of said Lot 238, 7 .47 feet; thence East parallel with the South line of said Lot 238, 21. 63 feet; thence South parallel with the West line of said Lot 238, 5.33 feet to a point on said South line of said Lot 238 : thence West, on and along said South line of said Lot 238, 29 .43 feet to the point of beginning. be designated as an Economic Revitalization Area under the pro- visions 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 desig- nated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatemefntt.}, SECTION II . That this designation/snail earlemited to AJA■= (2-)_ calendar years from the date of the adoption of this Resolution by the Common Council . -2- • 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. SECTION V. The Abatement deduction shall be for six (6) years . This determination is made under the authority of I .C. 6-1. 1-12 . 1-3 . (ti YJ ► , , ,tember/of th- Common council Filed In Clerk's Office JAN21 19$6 PRESENTED / -c7 Co — 8' 7 NOT APPROVED !RENE GAMMON ADOPTED / - Q 6 - 2 7 � °`"''.a-rn �3_ CITY CLERK, SO. BEND, IN.