HomeMy WebLinkAboutConfirming Tax Abatement - Valley American Bank & Trust 3601 Lathrop St. (6 Year Real Property) RESOLUTION
NO. 1461-87
Passed by the Common Council of the City of South Bend, Indiana,
January 12 , 19 87.
Attest: `J""-e~ 7)11--3--Pi--1.-- —c—,..ci City Clerk
Attest: President of Common Council.
. (Presented by me to the Mayor of the City of South Bend, Indiana
January 13 , 87
19 .
k4:2Lp___.cjz__, A—, frh--.---A-c_.-s-s-t.-e-„,/'
City Clerk
Approved and signed by me 11_cl_ l 19 y 7 .
W/4,(/1,j-- Mayor
RESOLUTION NO. iq w -?7
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS
3601 LATHROP STREET, SOUTH BEND, INDIANA,
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 Resloution designated the area
commonly known as 3601 Lathrop Street, South Bend , Indiana, and
more particulary described by a line drawn as follows :
PARCEL I
A part of the Southeast Quarter ( 1/4) of Section Twenty-
eight ( 28) , Township Thirty-eight (38) North , Range Two (2)
East of the Second Principal Meridian, German Township, St.
Joseph County, Indiana and described as follows: Commencing
at the Southeast corner of said Section Twenty-eight (28)
said point being at the intersection of centerlines of
Bendix Drive and Lathrop Street , thence North Q0°00' 00" West
( Bearing Assumed ) along the Southline of the Southeast
Quarter ( 1/4) of said Section Twenty-eight (28 (Being along
the centerline of Lathrop) One Thousand Four Hundred Twenty-
three and Seventy-five Hundredths ( 1423 . 75 ) feet ; thence
North 0 ° 05 ' 56 " East Forty ( 40 ) feet to the place of
beginning of this description; thence North 90°00' 00" West
Four Hundred Fifty-four and Ninety-three Hundredths (454. 93)
feet ; thence North 00° 05 ' 56" East , Eight Hundred Three and
Seventy-six Hundredths ( 803. 76) feet; thence North 45°40 ' 30"
East , Two Hundred Forty-three and Forty Hundredths (243. 40)
feet ; thence North 44° 29 ' 49" Fast , One Hundred Ninety-one
and Twelve Hundredths ( 191 . 12) feet to the South line of
Forty ( 40) foot easement granted to C.S.C. and South Bend
Railroad ; thence South 45° 02 ' 33 " East along the said
Southerly easement Two Hundred Two and Thirty-six Hundredths
( 2. 02 . 36) feet; thence South 00°16 ' 23" East, Six Hundred Six
and Ninety-eight Hundredths ( 606 . 98) feet ; thence South
00° 05 ' 56" West Three Hundred Sixty and Twenty Hundredths
( 360. 20) feet to the point of beginning.
PARCEL II
A part of the Southeast Quarter (1/4) of Section Twenty-
eight ( 28) , Township Thirty-eight (38) North , Range Two (2)
East of the Second Principal Meridian , German Township, St.
Joseph County, Indiana and described as follows : Commencing
at the Southeast corner of said Section Twenty-eight (28)
said point being at the intersection of centerlines of
Bendix Drive and Lathrop Street, thence North 90°00 ' 00" West
( Bearing Assumed) along the South line of the Southeast
Quarter (1/4) of said Section Twenty-eight (28 (Being along
the centerline of Lathrop) One Thousand Four Hundred Twenty-
three and Seventy-five Hundredths ( 1423 . 75) feet ; thence
North 0° 05 ' 56" East , Four Hundred and Twenty Hundredths
( 400 . 20) feet ; thence North 00°16' 23" West , Six Hundred Six
and Ninety-eight Hundredths ( 606 . 98) feet to the point of
beginning ; thence North 45°02 ' 33" West along the Southerly
easement granted to C . S . S . and South Bend Railroad , Two
Hundred Two and Thirty-six Hundredths ( 202. 36) feet ; thence
North 44° 29 ' 49 " East , Forty feet ( 40 ) ; thence South
45° 02 ' 33 " East along the North easement One Hundred Sixty-
two and Thirty-five Hundredths (162. 35) feet; thence South
00°16 ' 23" West , Fifty-six and Eighty Hundredths ( 56. 80) feet
to the place of beginning .
Page 1 of 2 Pages
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. 1-5; 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 Six ( 6) calendar years from the date of adoption of
the Declaratory Resolution by the Common Council.
SECTION II . This Resolution shall be in full force and
effect from and after its adoption by the Common Council and
approval by the Mayor .
/embe/ of Co . on Counci/'
Filed in Clerk's Office
JAN 71986
PRESENTED /-/a-S'7
NOT APPROVED !RENE GAMMOI(
ADOPTED !--/a- S'7 CITY CLERK, SO. BEND,
Page 2 of 2 Pages