09-12-88 Council Meeting Minutes

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REGULAR MEETING 4F,�TF.MR�R_1? q$g D.that the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation; and; E.That the totality of benefits is sufficient to justify the deduction, all of which satisfy the requirements of I.C. 6 -1.1- 12.1 -3. SECTION III. The Common Council hereby determines and finds that the proposed described redevelopment or rehabilitation can be reasonably expected to yield the benefits identified in the Statement of Benefits set forth in sections I through II of the Petition for Real Property Tax Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of Accounts are sufficient to justify the deduction granted under Section 6 -1.1- 12.1 -3 of the Indiana Code. SECTION IV. 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 Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of three (3) years. SECTION VII. The Common Council directs the City Clerk to Cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ John Voorde Member of the Common Council RESOLUTION NO. 1645 -88 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 3400 OLD CLEVELAND ROAD TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 5 YEAR PERSONAL PROPERTY TAX ABATEMENT FOR DISCOUNT MUFFLER & TIRE WHOLESALE, INC. WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, requesting that the area commonly known as 601 West Broadway Street, South Bend, Indiana and which is more particularly described as follows: JAS L* A part of the Northeast Quarter (1/4) of Section Twenty -eight (38), Township Thirty -eight (38) North, Range Two (2) East, City of South Bend, St. Joseph County, Indiana, and described as follows: commencing at the Northeast corner of said Section 38; thence South 89 48'05" West (bearing assumed) along the North line of said Section 28, (also being the centerline of Cleveland Road), 660.00 to a P.K. nail set; thence South 00 00'23" West, 40.00 feet to the South of the right of way of Cleveland Road and the point of beginning; thence continuing South 00 00'23" West, 240.00 feet; thence South 89 48'05" West, 306.00 feet; thence North 00 00123" East, 240.00 feet; thence North 89 48'05" East, 306.00 feet to the point of beginning,and being known as Lot Numbered Five -Six (5 -6) on the Proposed Plat of Airport Industrial Park, Phase IV. Subject to legal highways. PARCEL II A tract of land in part of the Northeast Quarter (1/4) of Section Twenty -eight (28), Township Thirty -eight (38) North, Range Two (2) East, City of South Bend, St. Joseph County, Indiana described as follows: Commencing at the Northeast corner of Section 28; thence South 89 48105" West a distance of 660.00 feet along the North line of said Section; thence South 0 00'23" West a distance of 210.00 feet to the Northeast corner of Lot 5 -4 of Phase IV of the Airport Industrial Park; thence South 89 48'05" West a distance of 306.00 feet along the North line of said lot; thence North 0 00-2311 East a distance of 210.00 feet; thence North 89 48'05" East a distance of 306.00 feet to the place of beginning, and being known as Lot Numbered Five -Five (5 -5) on the Proposed Plat of Airport Industrial Park, Phase IV. The bearing of the South line of the Southeast Quarter (1/4) of Section 28 is assumed North 90 degrees 00 minutes 00 seconds West.