HomeMy WebLinkAboutConfirming Tax Abatement - Steel Warehouse Co. Inc. 2722 W. Tucker Dr. (5 Year Personal Property) RESOLUTION
NO. 1432-86
Passed by the Common Council of the City of South Bend, Indiana,
September 8 , 19 86
Attest: 'a4-D--,«- / ` City Clerk
Attest: f�, I c �t_./ President of Common Council.
/
Presented by me to the Mayor of the City of South Bend, Indiana
September 9, 19 86
AT 4-,...—....„,.., City Clerk
Approved and signed by me
19`4"14) 9) 19 e6 .
n ,4,e,1 Mayor
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RESOLUTION
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, COMMONLY KNOWN AS 2722 WEST TUCKER
DRIVE, TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT.
WHEREAS, the Common Council of the City of South Bend has
adopted a Delaratory Resolution designating certain areas within the
City as Economic Revitalization Areas for the purpose of tax abatement
consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as 2722 West Tucker Drive and more particularly
described by a line drawn as follows :
A part of the Southwest 1/4 of the Northwest 1/4 of
Section 15, Township 37 North, Range 2 East and a part
of the East 1/2 of the Southeast 1/4 of the Northeast
1/4 of Section 16, Township 37 North, Range 2 East,
being a part of Lot No . 16 in the subdivision of said
Section 16, all being in Portage Township and now
within the City of South Bend , Indiana, described as
follows :
Beginning at a point on the South line of Tucker Drive
260 feet South and 780 .93 feet West of the Northeast
corner of the Southwest 1/4 of the Northwest 1/4 of
said Section 15 ; thence West along said South line of
Tucker Drive and its Westerly extension, 600. 00 feet ;
thence South parallel with the West line of said
Section 15 a distance of 498.41 feet to the North right
of way line of the Indiana Northern Railway Company;
thence East along said North right of way line, 600. 60
feet to a point 780 .93 feet West of the East line of
the Southwest 1/4 of the Northwest 1/4 of said Section
15; thence North parallel with said East line of the
Southwest 1/4 of the Northwest 1/4 , 495. 90 feet to the
point of beginning, containing 6 .851 acres , more or
less .
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 . 1-2-5; 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 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 Personal Property Tax Abatement only and is limited
to five (5) 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.
PRESENTED / p -�(� C _
VL.? j 1988 ember of the C..Ton Council
NOT APPROVED
ADOPTED (o ` a. s;c f\^