HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Forge Inc. 2930 Foundation Dr. (5 Year Personal Property) RESOLUTION
NO. 1082-83
Passed by the Common Council of the City of South Bend, Indiana,
July 25, 19 83 .
Attest: �� /� City Clerk
Attest: it . A.' At / - 1 :ii`. ./ President of Common Council.
if _
Presented by me to the Mayor of the City of South Bend, Indiana
July 26, 19 83 .
4""n—e.' 7)14""""x-" City Clerk
Approved and signed by me 19 e-;3
17,t_ /ILV Mayor
RESOLUTION NO. IQ n-$3
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN
AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY
KNOWN AS SOUTH BEND FORGE INCORPORATED, 2930
FOUNDATION DRIVE, SOUTH BEND, INDIANA, 46628,
TO BE AN ECONOMIC REVITALIZATION AREA FOR THE
PURPOSE 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 purposes of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area
commonly known as 2930 Foundation Drive, South Bend, and
more particularly described by a line drawn as follows:
Part of the North Half of Section 28, Township 38
North, Range 2 East, Second Principal Meridian, City of
South Bend, St. Joseph County, Indiana, more particularly
described as follows: Commencing at the East Quarter
corner of said Section 28; thence south 89°58 '45" West
along the South line of the Northeast Quarter of said
Section 28, 2314.41 feet; thence North 0 000 '47" East
120.00 feet to the North boundary of Boland Drive, also
being the point of beginning; thence North 89°00 '47"
East 120.00 to the north boundary of Boland Drive, also
being the point of beginning; thence North 89°58 '56"
West along said North boundary 447.83 feet; thence
North 45°00 ' 09" West 14.14 feet to the East boundary of
Foundation Drive; thence North 0°00 '47" East along said
East boundary 747.96 feet; thence North 89°44 '14" East
458.26 feet; thence South 0°01 '41" West 759.90 feet to
the point of beginning, containing 7.979 acres more or
less.
Be designated as an Economic Revitalization Area under the
provisions of Indiana Code 6-1.1-12.1-1, et seq; 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 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.
WIC
em•er o t e Co r Counci
FILED Ili CLE M 'S OFFICE
PRESENTED 7 -ni r-13
JUL 201983
NOT APPROVED
ADOPTED 7- 129 Irene Gammon
CITY CLERK,SOUTH REND,IND.