HomeMy WebLinkAboutConfirming Tax Abatement - Peterson Printing Corporation 746 S. Arnold St. (5 Year Personal Property) RESOLUTION
NO. 1362-85
Passed by the Common Council of the City of South Bend, Indiana,
October 28, 19 85
Attest: Y °. - e_- < City Clerk
Attest: f L.K: „L President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
October 29 , l9 85
City Clerk
Approved and signed by me C/C%a - a ( 19 &-C.
,c Lt Mayor
RESOLUTION NO. AIL' -v“..
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, COMMONLY KNOWN AS
746 So . Arnold Street , South Bend , Indiana 46619 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 Declaratory 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 746 So . Arnold Street , South Bend , Indiana 46619
and more particularly described by a line drawn as follows :
That part of Bank Outlot 104 of the Second Plat of Outlots of
the Town , now City of South Bend , platted by the State Bank of Indiana
bounded as follows :
Commencing at a point at the intersection of the east line of
Arnold Street and the north line of Sample Street ; thence north along the
east line of Arnold Street a distance of 472. 37 feet to the true place of
beginning , thence along a line having a deflection angle of 90 degrees 7
minutes 30 seconds to the right , a distance of 201 . 44 feet ; thence along
a line having a deflection angle of 90 degrees 07 minutes to the left , a
distance of 387 . 02 feet ; thence along a line having a deflection angle of
89 degrees 47 minutes to the left , a distance of 201 .40 feet to the east
line of Arnold Street ; thence south along a line having a deflection
angle of 90 degrees 13 minutes 30 seconds to the left , a distance of
387. 37 feet to the point of beginning.
Subject however to two easements reserved and granted by deed
recorded in Deed Record 639 , Page 96 through 98, said deed covering the
conveyance of adjacent property to the east and south by within named
grantor .
An easement to adjacent owner for ingress and egress (but not
exclusive of the right of joint use thereof by the fee owner , its
successors and assigns for the same purposes) over the following
described tract :
Commencing at the point of intersection of the north
right-of-way line of Sample Street with the east right-of-way line of
Arnold Street ; thence northerly along and with the east right-of-way line
of Arnold Street a distance of 472. 37 feet ; thence easterly along a line
with a deflection angle of 90 degrees 7 minutes 30 seconds right , a
distance of 201 . 44 feet to the point of beginning; thence northerly along
a line with a deflection angle of 90 degrees 7 minutes left a distance of
387. 02 feet ; thence westerly along a line with a deflection angle of 89
degrees 47 minutes left , a distance of 18 feet ; thence southerly along a
line with a deflection angle of 90 degrees 12 minutes left , said line
being also the east face of the existing Print Shop , a distance of 387. 45
feet ; thence easterly along a line with a deflection angle of 89 degrees
54 minutes left , a distance of 17. 95 feet to the point of beginning.
Also , an easement and right-of-way for ingress and egress to
the above described tract , (but not exclusive of the right of joint use
thereof by adjacent owner , its successors and assigns , for the same
purposes) , over the following described tract on adjacent property:
Commencing at the point of intersection of the north
right-of-way line of Sample Street with the east right-of-way line of
Arnold Street ; thence northerly along and with the east right-of-way line
of Arnold Street a distance of 472. 37 feet ; thence easterly along a line
with a deflection angle of 90 degrees 07 minutes 30 seconds right a
distance of 201 . 44 feet to the point of beginning ; thence northerly along
a line with a deflection angle of 90 degrees 07 minutes left , a distance
of 387. 02 feet ; thence easterly along a line with a deflection angle of
90 degrees , 13 minutes right , a distance of 92. 16 feet ; thence southerly
along a line with a deflection angle of 89 degrees 40 minutes right , a
distance of 197 . 25 feet ; thence westerly along a line with a deflection
angle of 89 degrees 55 minutes right , said line being also the north face
of the existing building , a distance of 74. 20 feet to the northwest
corner of the existing building , thence southerly along a line with a
deflection angle of 89 degrees 54 minutes left , said line being also the
west face of the existing building , a distance of 190. 08 feet ; thence
westerly along a line with a deflection angle of 90 degrees 04 minutes
right , a distance of 17. 92 feet to the point of beginning .
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 .
ber of the mon Council
PRESENTED •i O - 01.8-g g.
NOT APPROVED
ADOPTED L 0 3 CC l YfS—
httil IN Citlitt S Oi iCt
OCT 1985
IRENE GAMMON
CITY ri Fpv Cr,' t:r,•,.;.• Iv