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<br />REGULAR MEETING OCTOBER 24 1988
<br />/s/ John Voorde
<br />Member of the Common Council
<br />RESOLUTION NO. 1659 -88 A RESOLUTION OF THE COMMON
<br />BEND, INDIANA, DESIGNATING
<br />CITY OF SOUTH BEND COMMONU
<br />AN ECONOMIC REVITALIZATION
<br />YEAR PERSONAL PROPERTY TAX
<br />PLASTICS, INC.
<br />COUNCIL OF THE CITY OF SOUTH
<br />CERTAIN AREAS WITHIN THE
<br />Z KNOWN AS TECHNOLOGY DRIVE,
<br />AREA FOR PURPOSES OF A 5
<br />ABATEMENT FOR GORDON
<br />WHEREAS, a petition for personal property tax abatement consideration has been
<br />filed with the Common Council of the City of South Bend, requesting that the area
<br />commonly known as Technology Drive, South Bend, Indiana, and which is more
<br />particularly described as follows:
<br />A parcel of land in the north half of Section 19, Township 38 North, Range 2
<br />East, City of South Bend, German Township, St. Joseph County, Indiana, said
<br />tract more particularly described as follows:
<br />Commencing at the North Quarter corner of said Section 19; thence South
<br />00 °54138" East, on and along the North centerline of said Section 19, 110.75
<br />feet to the South right -of -way line of Brick Road; thence North 88 °47'24"
<br />West, along said South line, 519.31 feet; thence South 00 °54'38" East, 1002.25
<br />feet; thence North 89 °55136" East, 18.97 feet; thence South 00 °54138" East,
<br />311.85 feet to the true Place of Beginning, said Point being the Southwest
<br />corner of Lot 10 as shown on the recorded Plat of Landmark Business Park,
<br />Section Four, Part One, and recorded as Instrument No. 8614459 in the Office of
<br />the Recorder of St. Joseph County, Indiana; thence South 89 °43'00" West,
<br />156.38 feet, thence South 00 °54138" East, 371.47 feet; North 89 °43'00" East,
<br />586.94 feet to a point on the West Line of Technology Drive, said point being on
<br />a 70.00 foot radius curve; thence along said curve to the right through a
<br />central angle of 07 °19119 ", a chord length of 8.94 feet which bears North
<br />04 °31'34" West, an arc distance of 8.95 feet to the P.T. of said curve; thence
<br />North 00 °54138" West, along the West line of Technology Drive, 362.56 feet to
<br />the Southeast corner of Lot 10 of aforesaid Landmark Business Park, Section
<br />Four, Part One; thence South 89 °43100" West, along the South line of said Lot
<br />10, 430.00 feet to the Place of Beginning. Said tract contains 5.000 acres,
<br />more or less.
<br />being designated as an Economic Revitalization Area under the provisions of Indiana
<br />Code 6 -1.1- 12.1 -1 et seq.; and,
<br />WHEREAS, the Department of Economic Development has concluded an investigation
<br />and prepared a report with information sufficient for the Common Council to
<br />determine that the area qualifies as an Economic Revitalization Area under Indiana
<br />Code 6 -1 .1- 12.1.1 et seq. and South Bend Municipal Code section 2 -76, et seq., and
<br />has further prepared maps and plats showing the other information regarding the area
<br />in question as required by law; and boundaries and such other information regarding
<br />the area in question as required by law; and
<br />WHEREAS, the Human Resources and Economic Development Committee of the Common
<br />Council has reviewed said report and recommended to the Common Council that the area
<br />qualifies as an Economic Revitalization Area.
<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 determines and finds that the Petition for
<br />Personal Property Tax Abatement and the Statement of Benefits form completed by the
<br />Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., and qualifies under
<br />the provisions of South Bend Municipal Code Section 2.76 et seq., for tax abatement.
<br />SECTION II. The Common Council hereby determines and finds the following:
<br />A. That the estimate of the value of the redevelopment or rehabilitation is
<br />reasonable for projects of this nature;
<br />B. That the estimate of the number of individuals who will be employed or whose
<br />employment will be retained can reasonably be expected to result from the proposed
<br />described redevelopment or rehabilitation;
<br />C. That the estimate of the annual salaries of those individuals who will be
<br />employed or whose employment will be retained can be reasonably expected to result
<br />from the proposed redevelopment or rehabilitation;
<br />D. That the other benefits about which information was requested are benefits
<br />that can be reasonably expected to result from the proposed described redevelopment
<br />or rehabilitation; and
<br />E. That the totality of benefits is sufficient to justify the deduction, all of
<br />which satisfy the requirements of I.C. 6.1.1- 12.1 -3.
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