HomeMy WebLinkAboutConfirming Tax Abatement - Mastic - A Kusan, Inc. Company 1507 S. Olive St. (10 Year Real Property) RESOLUTION
NO. 1449-86
Passed by the Common Council of the City of South Bend, Indiana,
O�tobnr 27, 19 8.6
Attest: City Clerk
Attest: ,/ C4 ,_X,eo 9 . President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
October 28, 19 86
1< City Clerk
Approved and signed by me Celt:gee zS 19 Sb .
OPPF
(3/67 Mayor
•
RESOLUTION NO. I `F t 9- S ,
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, COM-
MONLY KNOWN AS 1507 SOUTH OLIVE STREET 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 1507 South Olive Street and more particularly
described as follows :
Real Estate in St . Joseph County, in the State of
Indiana, described as follows:
PARCEL I - A lot or parcel of land situated in the
West Half (1/2) of the Southeast Quarter (1/4) of the
Northwest Quarter (1/4) of Section 15, Township 37
North, Range 2 East, described as follows : Beginning
at the point of intersection of the South line of the
St. Joseph, South Bend and Southern Railroad Company' s
right of way with the East line of the aforesaid West
Half (1/2) of the Southeast Quarter (1/4) of the
Northwest Quarter (1/4) of said Section 15, said point
of beginning being Four Hundred Eleven and Six Tenths
(411. 6) feet North of and Six Hundred Sixty-Five and
Two Tenths (665 .2) feet West of the center of said
Section 15; thence running West along the South line
of the right of way of said St. Joseph, South Bend and
Southern Railroad Company, Six Hundred Sixty-Two and
Forty-Eight Hundredths (662 .48) feet, more or less, to
the West line of the aforesaid West Half (1/2) of the
Southeast Quarter (1/4) of the Northwest Quarter (1/4)
of Section 15; thence South along last mentioned line,
two Hundred One and Forty-Five Hundredths (201.45)
feet; thence East Six Hundred Sixty-Two and
Seventy-Four Hundredths (662.74) feet more or less, to
the East line of the aforesaid West Half (1/2) of the
Southeast Quarter (1/4) of the Northwest Quarter (1/4)
of said Section 15; thence North along said last men-
tioned line Two Hundred Three and Seventy-Five
Hundredths (203 .75) feet to the place of beginning.
PARCEL II - Beginning at a point 308.9 feet North and
30 feet West of the center of Section 15, Township 37
North, Range 2 East, thence North along the West line
of Olive Street, a distance of 102 .7 feet to the South
line of the St. Joseph, South Bend and Southern Rail-
road Co. ' s right of way; thence West along the South
line of said company' s right of way, a distance of
635 .2 feet to the West line of the East Half of the
Southeast Quarter of the Northwest Quarter of said
Section 15; thence South 146 .2 feet; thence East 477. 8
feet; thence North 25 feet 9 inches; thence East 157.4
feet to the West line of Olive Street; thence North 19
feet 3 inches to the place of beginning, all in Sec-
tion 15, Township 37 North, Range 2 East.
PARCEL III - A lot or parcel of land in the East Half
of the Southeast Quarter of the Northwest Quarter of
Section No. 15, Township No. 37 North, Range No. 2
East, bounded by a line running as follows : Beginning
at a point Two Hundred Sixty-Three and Nine-Tenths
(263 . 9) feet North and One Hundred Eighty-Seven and
Four-Tenths (187.4) feet West of the center of said
Section No. 15; thence West Four Hundred Seventy-Seven
and Eight-Tenths (477. 8) feet to the West line of the
East Half of the Southeast Quarter of the Northwest
Quarter of said Section No. 15; thence South along the
West line of the East Half of the Southeast Quarter of
the Northwest Quarter of Section No. 15, a distance of
Fifty-Seven and Fifty-Five One Hundredths (57. 5) feet;
thence East a distance of One Hundred Ninety-Eight and
Seventy-Five Hundredths (198.75) feet; thence North
Forty-Seven and Fifty-Five One Hundredths (47. 55)
feet; thence East Two Hundred Seventy-Nine and
Twenty-Five One Hundredths (279 .25) feet; thence North
Ten (10) feet to the place of beginning.
PARCEL IV - A parcel of land situated in the West
One-Half of the Southeast Quarter of the Northwest
Quarter of Section 15, Township 37 North, Range 2
East, St. Joseph County, Indiana, more particularly
described as follows: Beginning at a point on the
East line of the West One-Half of the Southeast
Quarter of the Northwest Quarter of said Section 15,
203 . 75 feet South of the intersection of the South
line of the right of way now or formerly owned by St.
Joseph, South Bend and Southern Railroad Company with
the said East line of the West One-Half of the South-
east Quarter of the Northwest Quarter of Section 15,
said point of intersection being 411. 6 feet North of
and 665 .2 feet West of the center of said Section 15;
thence South along the said East line of the West
One-Half of the Southeast Quarter of the Northwest
Quarter of Section 15, 177 .25 feet, more or less, to a
point in a line parallel to and distant 26 . 5 feet
Northerly, by rectangular measurement, from the East
and West center line of said Section 15; thence West
along said parallel line 663 feet, more or less, to a
point in the West line of the said West One-Half of
the Southeast Quarter of the Northwest Quarter of said
Section 15; thence North along said West line of the
West One-Half of the Southeast Quarter of the North-
west Quarter of Section 15, 174 .95 feet, more or less
to a point 201.45 feet South of the said South line of
the right of way now or formerly owned by St. Joseph,
South Bend and Southern Railroad Company; thence
Easterly along a straight line, 662. 74 feet, more or
less, to the point of beginning.
PARCEL V - All of the Southwest Quarter (1/4) of the
Northwest Quarter (1/4) of Section 15, Township 37
North, Range 2 East lying South of the right of way,
now or formerly owned by the St. Joseph South Bend and
Southern Railroad Company and being more particularly
described as follows: Beginning at the Southeast
corner of said Southwest Quarter (1/4) of said North-
west Quarter (1/4) ; thence West along the South line
of the said Southwest Quarter (1/4) of the said North-
west Quarter (1/4) a distance of 1327.393 feet to an
iron pin at the Southwest corner of said Southwest
Quarter (1/4) of said Northwest Quarter (1/4) ; thence
North along the West line of said Southwest Quarter
(1/4) of said Northwest Quarter (1/4) a distance of
395 . 098 feet to an iron pin in the South right of way
line of the right of way now or formerly owned by said
St. Joseph, South Bend and Southern Railroad Company;
thence East along the South right of way line of said
St. Joseph, South Bend and Southern Railroad Company
right of way a distance of 1326 .95 feet to the East
line of said Southwest Quarter (1/4) of said Northwest
Quarter (1/4) (which point is in the center line of
Kaley Street) ; thence South along said East line of
-2-
said Southwest Quarter (1/4) of said Northwest Quarter
(1/4) a distance of 402 . 90 feet to the point of
beginning.
PARCEL VI - Beginning at a point on the West line of
Kaley Street at the intersection of the South right of
way line of St . Joseph, South Bend and Southern Rail-
road, thence South along the West line of Kaley
Street, Four Hundred Two and Ninety-Hundredths
(402. 90) feet, more or less to the East-West center
line of Section 15, Township 37 North, Range 2 East;
thence East on said East-West center line Thirty (30)
feet to the center line of Kaley Street; thence North
along said center line Twenty-Six and Fifty Hundredths
(26 .50) feet; thence East parallel with said East-West
center line of Section 15, Thirty (30) feet to the
East line of Kaley Street; thence North Three Hundred
Seventy-Six and Four Hundredths (376 .40) feet, more or
less, to said South right of way line of the St.
Joseph, South Bend and Southern Railroad; thence West
along said right of way line Sixty (60) feet to the
place of beginning.
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 ten (10) calendar years from the date of
adoption of the Declaratory Resolution by the Common Council
and that real property taxes are to be abated for a ten (10)
year period pursuant to I .C. 6-1. 1-12 . 1-3(b) and I .C.
6-1. 1-12. 1-4(d) (3) .
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.
Ade
.ri' Z
tuber of the C mm.n Council
REED IN CLERK'S OFFICE
OCT 2 21986
I R. . a n �, 9
ins w.
PRESENTED /O 'oZ 741-.6
C!T d C l.u;;'
1
NOT APPROVED
ADOPTED /Q -eQ 7—c?‘
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