10-13-86 Council Meeting Minutes

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Quarter of said Section 15; thence North along said West line of the West One -Half of the Southeast Quarter of the Northwest Quarter of Section 15, 174.95 E feet, more or less to a point 201.45 feet South of said South line of the right of way now or formerly owned by St. Joseph, South Bend and Southern Railroad Company; thence Easterly along a straight line, 662.74 feet, more or less, to the point of beginning. PARCEL V - All of the Southwest Quarter (1/4) of the Northwest Quarter (1/4) of Section 15, Township 37 North, Range 3 East lying South of the right of way now or formerly owned by the St. Joseph South Bend and Southern Railroad Company and being more particularly described as follows: Beginning at the Southeast corner of said Southwest Quarter (1/4) of said Northwest Quarter (1/4); thence West along the South line of said Southwest Quarter (1/4) of the said Northwest Quarter (1/4) a distance of 1327.393 feet to an iron pin at the Southwest corner of said Southwest Quarter (1/4) of said Northwest Quarter (1/4); thence North along the West line of said Southwest Quarter (1/4) of said Northwest Quarter (1/4) a distance of 395.098 feet to an iron pin in the South right of way line of the right of way now or formerly owned by said St. Joseph, South Bend and Southern Railroad by said St. Joseph, South Bend and Southern Railroad Company; thence East along the South right of way a distance of 1326.95 feet to the East line of said Southwest Quarter (1/4) of said Northwest Quarter (1/4) (which point is in the center line of Kaley Street); thence South along said East line of said Southwest Quarter (1/4) of said Northwest Quarter (1/4) a distance of 402.90 feet to the point of beginning. PARCEL VI - Beginning at a point on the West line of Kaley Street at the intersection of the South right of way line of St. Joseph, South Bend and Southern Railroad, thence South along the West line of Kaley Street, Four Hundred Two and Ninety- Hundredths (402.90) feet, more or less to the East -West center line of Section 15, Township 37 North, Range 3 East; thence East on said East -West center line Thirty (30) feet to the center line of Kaley Street; thence North along said center line Twenty -Six and Fifty Hundredths (26.50) feet; thence East parallel with said East -West center line of Section 15, Thirty (30) feet to the East line of Kaley Street; thence North Three Hundred Seventy -Six and Four Hundredths (376.40) feet, more or less, to said South right of way line of the St. Joseph, South Bend and Southern Railroad; thence West along said right of way line Sixty (60) feet to the place of beginning. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1, et seq.; and WHEREAS, the Redevelopment Commission has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et seq., and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in questions; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. That 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 II. That this designation shall be limited to ten (10) calendar years from the date of the adoption of this resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. /s/ Beverlie J. Beck Member of the Common Council RESOLUTION NO. 1445 -86 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 1507 SOUTH OLIVE STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT.