HomeMy WebLinkAboutDesignating 404 W. Sample St. an Urban Development Area for Tangible Personal Tax Abatement Consideration RESOLUTION
NO. 947-82
Passed by the Common Council of the City of South Bend, Indiana.
March 15, �9 82
Attest: „_e- K '�' �"�--�� City Clerk
Attest: 1St at President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
March 16, �9 82
City Clerk
Approved and signed by me 17 <QiL-t-v 16O 19 $
Mayor
RESOLUTION NO. QY7 $Z
A RESOLUTION OF THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, DESIGNATING
404 WEST SAMPLE STREET AN URBAN DEVELOPMENT
AREA FOR TANGIBLE PERSONAL TAX ABATEMENT
CONSIDERATION
WHEREAS , a petition for Personal Property Tax Abatement
consideration has been filed with the Common Council of the City
of South Bend pursuant to Section 2-76 of the Municipal Code for the
tangible personal property to be located at 404 West Sample Street ,
South Bend, Indiana.
WHEREAS , the legal description of the facility in which the
tangible personal property is to be located, is more particularly
described by a line drawn as follows :
A parcel of land being a part of the Northeast
Quarter of Section 14, Township 37 , North, Rage 2 East
of the Second Principal Meridan and being more particularly
described as follows , viz:
Beginning at a point 1200 . 01 feet South 89° -51' -46"
East of the Northwest corner of Tract No . 4 of the Studebaker
Corporation Replat as recorded in Plat Book 11 , page 184,
in the office of the Recorder of St. Joseph County, Indiana,
said point being on the North Line of said Tract No . 4,
which North Line is also the South right-of-way line on Sample
Street ; thence South 0° -21' -18" East along the projection
of a wall line and along said wall line, a distance of
421 . 71 feet to an angle point ; thence South 27 ° -52' -38"
East, alonga walifine/&istance of 27 . 07 feet to an angle
point ; thence North 89° -38' 42" East, along a wall line a
distance of 132 . 73 feet to a point 96. 19 feet South 89° -38 '
-42" West of the West right-of-way line of Franklin Street ;
thence South 0° -21' -55" East, parallel with the West right-
of-way line of Franklin Street , a distance of 160 . 27 feet
to a point 96 . 18 feet South 89° -55 ' -21" West of said West
right-of-way line of Franklin Street ; thence North 89° -55 '
-21" East, a distance of 96. 18 feet to said West right-of-way
line ; thence North 0° -21' -55" West , along said West right-
of-way line , a distance of 604. 93 feet to said South right-
of-way line of Sample Street ; thence North 89° -51' -46"
West , along said South right-of-way line , a distance of
241. 64 feet to the place of beginning. Containing 122, 878 . 47
square feet (2 . 821 acres) more or less .
WHEREAS, the Redevelopment Commission has conducted an
investigation pursuant to Section 2-77 of the Municipal Code and prepared
a report determining that there is compliance with the Statutory
obsolescence and eligibitlity criteria under Indiana Code 6- 1. 1-12 . 1-1
et seq .
WHEREAS, the Human Resources and Economic Development Committee
of the Common Council has reviewed said report and recommended to the
Common Council that the area qualifies as an Urban Development Area , and
that the tangible personal property to be located at such location is
entitled to a deducation from the assessed value of the equipment for
a period of five (5) years .
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of South Bend, Indiana, as follows :
SECTION I . The Common Council hereby accepts the report and
recommendation of the Human Resources and Economic Development Committee
that the area herein described be designated an Urban Development Area,
and that the tangible personal property to be located at such location
is entitled to a deducation from the assessed value of the equipment for
a period of five (5) years .
SECTION II . The Common Council hereby adopts a resolution
designating this area as an Urban Development Area for purposes of
personal property tax abatement.
SECTION III. The Coumion Council requests the City Clerk to
submit this Resolution along with the supporting data to the Area Plan
Commission for its written order approving or disapproving this
Resolution.
SECTION IV. The Common Council directs the City Clerk, upon
the receipt of the report of the Area Plan Commission to cause notice
of the adoption of this Resolution to be published. Said publication
shall provide notice of the public hearing before the Common Council
of said declaration.
SECTION IV. This Resolution shall be in full force and effect
from and after its adoption by the Common Council and approval by the
Mayor.
Member of the Common Co ncil
FILED IN CLERK'S OFFKE
MAR i i 1982
PRESENTED g_, 5- bs , Irene Gammon
NOT APPROVED
CM' Hat ea,
ADOPTED '? 3_iS - y.
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