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REGULAR MEETING DECEMBER 19, 1994
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all
<br />remonstrances and objections from interested persons; and
<br />WHEREAS, the Council has determined that the qualifications for an economic
<br />revitalization area have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating
<br />the area described herein as an Economic Revitalization Area for the purposes of tax
<br />abatement. Such designation is for Real property tax abatement only and is limited
<br />to two (2) calendar years from the date of adoption of the Declaratory Resolution by
<br />the Common Council.
<br />SECTION II. The Common Council hereby determines that the property owner is
<br />qualified for and is granted Real property tax deduction for a period of ten (10)
<br />years, and further determines that the petition complies with Chapter 2, Article 6,
<br />of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq.
<br />SECTION III. This Resolution shall be in full force and effect from and after its
<br />adoption by the Common Council and approval by the Mayor.
<br />/s /Ann Puzzello
<br />Member of the Common Council
<br />RESOLUTION NO. 2199 -94 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
<br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
<br />SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2930 FOUNDATION DR.,
<br />TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE
<br />YEAR PERSONAL PROPERTY TAX ABATEMENT FOR EATON CORPORATION.
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a
<br />Declaratory Resolution designating certain areas within the City as Economic
<br />Revitalization Areas for the purpose of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as 2930
<br />Foundation Dr., South Bend IN, and which is particularly described as follows:
<br />PARCEL I: A description of 8.2895 acres of land in the North Half of Section
<br />28, Township 38 North, Range 2 East, St. Joseph County, Indiana, said 8,2895
<br />acre tract being part of a certain 12.00 acre tract described in Deed Book 593,
<br />page 47 of the deed records of said St. Joseph County, said 8.2895 acre tract
<br />being more particularly described as follows: Commencing at a PK nail with disc
<br />set at the North Quarter corner of said Section 28: thence along the Northerly
<br />line of said North Half of Section 28, being also the North line of said 12.00
<br />acre tract, North 89 58' 54" West a distance of 165.00 feet to a PK nail set
<br />for the Northwest corner of said 12.00 acre tract; thence along the Westerly
<br />line of said 12.00 acre tract, South 00 14102" West a distance of 785.23 feet
<br />to an iron bar set at the point of beginning of the 8.2895 acre tract herein
<br />described; thence continuing along the said Westerly line, South 00 14' 02"
<br />West a distance of 973.35 feet to a 1 1/4" iron pipe found for the Southwest
<br />corner of said 12.00 acre tract being also the Southwest corner of the said
<br />8.2895 tract herein described: thence along the Southerly line of said 12.00
<br />acre tract, South 89 53' 27" East a distance of 371.17 feet to 1 3/4" iron pipe
<br />found to the Southeast corner of said 12.00 acre tract, being also the Southeast
<br />corner of the 8.2895 acre tract herein described; thence along the Easterly line
<br />of said 12.00 acre tract, North 00 12' 22" East a distance of 973.60 feet to a
<br />1" iron pipe found at a corner of said 12.00 acre tract, being also the
<br />Southeast corner of a certain tract of land described in record Document No.
<br />9016462; thence along a line of said 12.00 acre tract, being also the Southerly
<br />line of said recorded Document No. 9016462, North 89 55'50" West a distance of
<br />370.70 feet to the point of beginning.
<br />PARCEL II: A description of a portion of the North half of Section 28, Township
<br />38 North, Range 2 East, St. Joseph County, Indiana, said portion being more
<br />particularly described as follows: Commencing at the North Quarter corner of
<br />said Section 28, being a PK nail and disc marked "S030711; thence along the North
<br />line of said Section 28, North 80 58'54" West, a distance of 165.00 feet to a PK
<br />nail and disc set marked "S030711, thence along the Westerly line of a certain
<br />12.00 acre track of land described in Deed Book 593, page 47 on file and of
<br />record in the Office of the Recorder of St. Joseph County, Indiana, South
<br />00 14102" West, a distance of 1758.58 feet to a 1 1/4" iron pipe found for the
<br />Southwest corner of said 12.00 acre track of land and the point of beginning of
<br />said portion herein describe; thence continuing along the Southerly extension of
<br />said Westerly line, South 00 14102" West, a distance of 20.64 feet to an iron
<br />bar set, market "S030711, in the northerly right -of -way line of proposed
<br />foundation drive extension as shown on the plat of Airport Industrial Park,
<br />Phase III and IV and recorded as Document No. 7806496; thence along said
<br />Northerly right -of -way line, North 89 44158" East a distance of 35.92 feet to a
<br />1/2" iron bar found for the Northwesterly corner of a certain tract of land
<br />described in recorded Document No. 8822679; thence along the North 89 57143"
<br />East a distance of 335.26 feet to an iron bar set; thence along the Southerly
<br />extension of the Easterly line of said 12.00 acre tract of land, North 00 12'22"
<br />East a distance of 19.56 feet to a 3/4" iron pipe found at the Southeast corner
<br />of said 12.00 acre tract of land; thence along the Southerly line of said 12.00
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