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HomeMy WebLinkAboutDesignating Tax Abatement - Larc Development Co. 5712 Cleveland Rd. between Olive St. & Mayflower Rd. (5 Year Real Property) RESOLUTION NO. 1332-85 Passed by the Common Council of the City of South Bend, Indiana, September 9, 19 85 . Attest: c / — J City Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana September 10 F19 R5 _. 7 City Clerk Approved and signed by me Q X L 19 XA ��� Mayor RESOLUTION NO. % %Q-%S A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 5712 CLEVELAND ROAD BETWEEN OLIVE STREET AND MAYFLOWER ROAD 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 5712 Cleveland Road between Olive Street and Mayflower Road and more particularly described as follows : That part of the East half of the Northeast quarter of Section 19 , and the West half of the West half of the Northwest quarter of Section 20, T. 38 N. , R. 2 E. , German Township, St . Joseph County, Indiana which is described as : Beginning at a Point which is S. 00°48 ' E. , 109 .48 ft . from a Point on the North line of said Section 19 which is N. 89°38 ' E. , 613 . 05 ft. from the Northwest Corner of the East half of the East half of the Northeast quarter of said Section 19 ; thence, N. 74°20 ' 45" E. , 153 . 56 ft . ; thence, N. 89°54 ' 58" E . , 202 . 68 ft . ; thence, S. 81°38 ' 44" E. , 154 . 30 ft . ; thence, S. 68°02 ' 55" E. , 180 . 98 ft . ; thence, around a 854 . 93 ft . radius curve to the right an Arc distance of 500 . 09 ft . to the end of a chord which bears S. 51°37 ' 57" E. and having a chord distance of 492 . 99 ft . ; thence, S. 34°52 ' 30" E. , 230 .30 ft. ; thence, around a 1532 .40 ft . radius curve to the left an Arc distance of 313 . 75 ft . to the end of a chord which bears S. 40°44 ' 26" E. and having a chord distance of 313 . 21 ft . ; thence, S. 00°35 ' 00" E. , 1246 .47 ft . ; thence, S. 89°42 ' 57" W. , 89 . 97 ft . ; thence, N. 49°16 ' 45" W. , 548 . 69 ft . ; thence, S. 89°42 ' 55" W. , 235. 00 ft . ; thence, S. 53°31 ' 21" W. , 254 . 02 ft . ; thence, S. 10°41 ' 47" W. , 341 . 25 ft. ; thence, N. 00°48 ' 00" W. , 610 . 00 ft . ; thence, S. 89°42 ' 57" W. , 332 . 78 ft . ; thence, N. 5°32 ' 17" E . , 60 .31 ft . ; thence, around a 35 . 00 ft . radius curve to the right an Arc distance of 54 . 67 ft . to the end of a chord which bears N. 45°32 ' 37" W. and having a chord distance of 49 .28 ft . ; thence, N. 00°48 ' 00" W. , 533 . 76 ft . ; thence, around a 8958 . 91 ft . radius to the left an Arc distance of 250 . 86 ft . to the end of a chord which bears N. 1°36 ' 08" W. and having a chord distance of 250 . 85 ft. ; thence, around a 8898. 91 ft . radius curve to the right an arc distance of 249 . 18 ft . to the end of a chord which bears N. 1°36 ' 08" W. and having a chord distance of 249 . 17 ft . ; thence, N. 00°48 ' 00" W. , 420 . 66 ft . to the Point of Beginning . Containing 49 .2075 Acres, all of which is located in the County of St. Joseph in the State of Indiana. 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 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 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 . m et- of the Co n Council FILED IN CLERK'S OFFICE SEP 4 1985 PRESENTED , 9— 9-may IRENE GAMMON NOT APPROVED CITY CLERK, SO. BEND, IN ADOPTED :"9- 9_8S- -2-