01-27-92 Council Meeting Minutes

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292 WHEREAS, a Declaratory Resolution designated the area commonly known as 1400 Riverside Dr. and which is more particularly described as follows: A part of the Northeast Quarter of Section 33, Township 38 North, Range 2 East, City of South bend, St. Joseph County, Indiana described as follows: Commencing at the southeast corner of said quarter section; thence South 0 degrees 07 minutes 29 seconds West 815.52 feet along the east line of said section to the north boundary, extended of Voorde Drive; thence North 89 degrees 40 minutes 09 seconds West 1,288.56 feet along said extended boundary and the north boundary of said Voorde Drive to the east boundary of Kenmore Street (formerly Progress Drive); thence North 0 degrees 18 minutes 51 seconds East 1,260.40 feet along said east boundary, and said east boundary extended, to the point of beginning of this description; thence North 0 degrees 18 minutes 51 seconds East 220.00 feet; thence North 89 degrees 56 minutes 16 seconds East 215.00 feet; thence South 0 degrees 18 minutes 51 seconds West 220.00 feet; thence South 89 degrees 56 minutes 16 seconds West 215 feet to the point of beginning and containing 1.086 acres, more or less. Also, above described lot is subject to a 20 -foot utility easement, the centerline of which is parallel to, and 146.41 feet south of the northern boundary of said lot. Also, said lot is subject to 30 -foot building setback lines adjacent to all above described courses, except the course along the western boundary which is subject to a 60 -foot building setback line. with said real estate having the following Key No. 18 2110 4067, as 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 Personal 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. Section II. The Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq. Section III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /S/ Stephen Luecke Member of the Common Council A public hearing was held on the resolution at this time. Greg Freehauf, General Manager of Lock Joint Tube made the presentation. He indicated they were purchasing $1,250,000 worth of equipment to improve production, thereby making them more competitive. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Zakrzewski. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1916 -92 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 3620 WEST MCGILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR BANGOR REFRIGERATION BUILDING ADDITION PROJECT. 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 3620 West McGill Drive South and which is more particularly described as follows: Commencing at the Northeast corner of said Section 28; thence South 90 °48'05" West along the North line of said Quarter Section, 1305.00 feet; thence South 00 °00123" West along the centerline of Kenmore Street, 363.70 feet; thence South 09 °59137" East along said centerline, 486.87 feet to the centerline intersection of Kenmore street and McGill Street; thence South 80 °00123" West along the centerline of McGill Street, 303.50 feet; thence North 89 °59'37" West along said centerline, 270.66 feet to the Point of Beginning; thence South