08-25-08 Common Council Minutes - Laserfiche WebLink

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REGULAR MEETING AUGUST 25, 2008 SECTION IV. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as 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 ten (10) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the Petitioner is qualified for and is granted property tax deductions for a period of ten (10) 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 pursuant to Indiana Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, 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/Timothy A. Rouse Member of the Common Council RESOLUTION NO. 3901-08 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR UNIVERSITY OF NOTRE DAME DU LAC, INNOVATION PARK AT NOTRE DAME, INC., (“PETITIONER”) WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area within the City of South Bend, Indiana, and which is more particularly described as follows: “Parcel 1: A Parcel of land in the Northwest Quarter of Section 6, Township 37 North, Range 3 East of the Second Principal Meridian, St. Joseph County, Indiana, more particularly described as follows: Commencing at the Northeast Corner of the Northwest Quarter of said Section 6; thence South 00°43'29" East (this and all subsequent bearings based on the Indiana State Plane Coordinate System, East Zone), 460.85 feet along the East line of said Northwest Quarter to the northwesterly line of a parcel of land conveyed to the State of Indiana for right-of-way purposes along State Road 23 (South Bend Avenue) recorded October 5, 1991 as Document Number 9129497 in the Office of the Recorder of St. Joseph County, Indiana; thence South 53°08'24” West, 123.83 feet along said northwesterly line to the POINT OF BEGINNING of this description; thence continuing along said line South 53°08'24” West 58.42 feet; thence South 50°14'48” West, 250.32 feet along said line to the northwesterly boundary of S.R. 23; thence South 52°50'49” West, 338.01 feet along said boundary; thence North 36°50'07” West, 588.23 feet to the south line 25