04-14-97 Council Meeting Minutes

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REGULAR MEETING APRIL 14,1997 A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 250 EAST SAMPLE STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR THE SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF: DAVIS AND GROOME, AN INDIANA PARTNERSHIP WHEREAS, the Common Council of the City of South Bend, Indiana, 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 250 E. Sample, South Bend IN, and which is particularly described as follows: Parcel I: Lots numbered one (1), two (2) and three (3) as shown on the recorded plat of Mary Hutchins' addition to the City of South Bend, recorded in Plat Book 2, Page 67, together with the east and west alley lying of lots 1 and 2 and north of lot 3 of said lots. A lot or parcel of land in the east half of the northwest quarter of Section 13, Township 37 north, Range 2 east, now within and a part of the City of South Bend, in St. Joseph County, Indiana, described as beginning at a point 36 rods, 3 feet and 10 inches west of the northeast corner of the northwest quarter of said section 13; thence running west on the north line of said section a distance of 28 feet; thence to the place of beginning, excepting therefrom that part taken off of the north end thereof for Sample Street. Parcel II: A parcel of land in the northwest quarter of Section 13, Township 37 north, Range 2 east, described as follows: Beginning at a point 40 rods, 13 feet and 10 inches west of the northeast corner of the northwest quarter of the northwest quarter of section 13, which point is in the center line of Sample Street; thence east on said line 48 feet; thence South 10 rods and 31 links; thence west 43 feet; thence north 10 rods and 31 links to the place of beginning. with said real estate having the following Key Number 18 7001 0001, 18 7001 0002, and 18 7008 0277 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. 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 Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. 1 1 1