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HomeMy WebLinkAboutDesignating Tax Abatement - Metal Resources Corp. 1147 Prairie Ave. (5 Year Personal Property) RESOLUTION NO. 1155-84 Passed by the Common Council of the City of South Bend, Indiana, June 11, 19 84. Attest: � � °' - a ✓ City Clerk President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana June 12, 19 84 . f / �{ l� City Clerk Approved and signed by me ,(/y-, /01._ 19e- (` vG I,hr Mayor RESOLUTION NO. l (s To A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1147 PRAIRIE AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF 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 1147 Prairie Avenue, South Bend, Indiana, and more particularly described by a line drawn as follows: A parcel of land being a part of the North Half of Section 14, Township 37 North, Range 2 East, in Portage Township, City of South Bend, St. Joseph County, Indiana, and being more particu- larly described as follows, viz: Beginning at the intersection of the South line of Garst Street with the westerly line of Prairie Avenue in said City; said intersection being the most northeasterly corner of a parcel of land Quit-claimed to Metal Resources Corporation by Penn Central Corporation in document numbered 8103153 in the Office of the Recorder of St. Joseph County, Indiana; thence North 89°-46 ' -31" West, along the South line of Garst Street and said South line projected, said line being a northerly line of said Quit-claimed parcel, a distance of 582. 58 feet to the East line of the Northwest Quarter of said Section 14; thence North 89°-58 ' -10" West, along a northerly line of said Quit-claimed parcel a distance of 504 . 59 feet to the most northeasterly corner of a parcel of land deeded to Metal Resources Corporation by Albert Davidson in document numbered 8101507 in said Recorder ' s Office; thence continuing North 89°-58' -10" West, along the northerly line of said Davidson parcel a distance of 201. 61 feet; thence South 670-39 ' -57" West, along the north- westerly line of said Davidson parcel, a distance of 330. 91 feet; thence South 0°-07 ' -28" West, along the westerly line of said Davidson parcel, a distance of 1108 . 76 feet to a northerly corner of a parcel of land deeded to Shirley R. Steinmetz, et al, in document numbered 7903987 in said Recorder ' s Office, said corner being the point of tangency of a curve concave north- westerly, said curve having a radius of 272 .37 feet and being subtended by a chord of 316.13 feet which bears South 35°-35 ' -57" West, said curve being the most westerly boundary of said Steinmetz parcel; thence southwesterly, along said curve along an arc of 337 . 27 feet; thence for the next six courses along the southerly and easterly lines of said Steinmetz parcel, North 76°-46 ' -03" East, along a non-tangent line, a distance of 175. 60 feet to a point of curve; thence along a curve to the right, an arc dis- tance of 170 . 42 feet, said curve having a radius of 523 . 66 feet and being subtended by a chord of 169. 67 feet which bears North 86°-05 ' -27" East; thence South 84°-35 ' -l0" East, a distance of 56.24 feet to the West line of a tract conveyed to South Bend Tribune Corp. by Warranty Deed recorded in Deed Record 823 , p. 386 in said Re- corder ' s Office; thence North 0°-43 ' -S0" East, along said West line, a distance of 7. 30 feet; thence North 59°-05 ' -32" East along the north- westerly line of said tract, a distance of 325.48 feet to the most westerly corner of a tract Quit-claimed to Indiana Bell Telephone Co. , Inc. in Deed Record 665 p. 463 ; thence North 28°-48 ' -14" East, along the northwesterly line of said Indiana Bell parcel, a distance of 228. 26 feet; thence North 61°-46' -50" West, a distance of 309. 05 feet, to a point which bears South 61°-46 ' -50" East, a distance of 28. 00 feet from the most southerly corner of said Penn Central Quit-claim parcel described in document numbered 8103153; thence North 28°-15 ' -41" East, parallel with a southeasterly line of said parcel, a dis- tance of 998.17 feet, to a point on a southerly line of said Penn Central parcel; thence South 89°-58' -10" East, along said southerly line, a distance of 212. 73 feet; thence South 89°-46 ' -31" East, along a southerly line of said parcel, a distance of 558. 69 feet to said westerly line of Prairie Avenue; thence North 28°-06 ' -58" East, along said westerly line to the point of begin- ning, containing 18. 21 acres, more or less. 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 qualifi- cations 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 Com- mon 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 . Le -jam ember of the oinm•n Council FILED IN CLEF'S OIFtE JUN, 51884 PRESENTED e-//- 2y Irene Gammon NOT APPROVED OW Clak ADOPTED to-//- -2-