HomeMy Public PortalAbout04-2017 - ECONOMIC REVITALIZATION - CROWN EQUIPMENT RESOLUTION NO. 2017 - € �{
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
(CROWN EQUIPMENT CORPORATION & FORCE HOLDINGS LLC)
WHEREAS, the Common Council of the City of Greencastle, Indiana, has determined that
it would be in the best interest of the citizens of Greencastle. Indiana, if such Common Council
defined and declared a certain area within such City as an economic revitalization area; and,
\VHEREAS. I.C. 6 -1.1 -12.1 defines the procedure for establishing such an economic
revitalization area; and.
WHEREAS, the Common Council desires to make available to persons owning property in
such economic revitalization area the right to a deduction from the assessed value of real property
as defined in I.C. 6 -1.1- 12.1 -3 and a deduction for personal property including manufacturing
equipment research and development equipment, logistical distribution equipment and
information technology equipment as defined in I.C. 6- 1.1- 12.1 -4.5.
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of
Greencastle. Indiana, as follows:
1. That this Common Council hereby declares by description the boundaries of the area to
be declared herein to be an economic revitalization area as follows:
TRACT I - ORIGINAL CROWN SITE
Situate in the State of Indiana, County of Putnam and being a part of the West hlaf of
the Northeast quarter and the East half of the Northwest quarter of Section 24,
Township 14 North, Range 4 \Vest of the Second Principal Meridian, more
particularly described, to -wit:
Commencing at the Northwest corner of Section 24, Township 14 North Range 4
\Vest; thence South 88 degrees 10 minutes East 3,840.10 feet with the North line of
said Section 24 to the Northeast corner of the West half of the Northeast quarter;
thence South 00 degrees 19 minutes West 469.67 feet with the East line of said West
half quarter to an iron pin on the South right -of -way line of Indiana State Road #240
and the true point of beginning of the real estate herein described; thence South 00
degree 19 minutes West 694.04 feet with said East line; thence with a fence line and
the easterly extension thereof. North 83 degrees 33 minutes West 503.48 feet to a
wood post; thence North 77 degrees 56 minutes West 467.33 feet to a steel post;
thence North 77 degrees 30 minutes \Vest 370.24 feet to an iron pin; thence leaving
the aforesaid fence line North 00 degrees 19 minutes East 755.97 feet to an iron pin
on the South right -of -way line of Indiana State Route #240; thence with said South
right- of -wav line. South 76 degrees 42 minutes 00 seconds East 203.37 feet to an
iron pin_ thence Southeasterly 502.96 feet on a curve to the left having a radius of
43.086.85 feet and subtended by a long chord bearing South 77 degrees 02 minutes
04 seconds East a distance of 502.96 feet to an iron pin; thence South 71 degrees 42
minutes 25 seconds Est 50.39 feet to an iron pin; thence Southeasterly 150.42 feet on
a curve to the left having a radius of 43,091.85 feet and subtended by a long chord
bearing South 77 degrees 32 minutes 08 seconds East a distance of 150.42 feet to an
iron pin; thence South 83 degrees 21 minutes 50 seconds East 50.39 feet to an iron
pin; thence South 77 degrees 54 minutes 55 seconds East 394.34 feet to an iron pin
and the point of beginning containing 22.36 acres more or less.
Commonly known as 2600 East State Road 240. (DR 216 page 387)
TRACT II - LAND BETWEEN ORIGINAL TRACT AND CAPITAL DRIVE
Situate in the State of Indiana County of Putnam and being a part of the Northwest
quarter of Section 24, Township 14 North, Range 4 West of the Second Principal
Meridian, more particularly described to -wit:
Commencing at an iron pin marking the Northwest Corner of Section 24, Township
14 North, Range 4 West; thence South 00 degrees 52 minutes West 90.11 feet with
the \Vest line of said Section 24 to the South right -of -way line of Indiana State Road
#240: thence with said South right -of -way line Southeasterly 608.81 feet on a curve
to the right having a radius of 28,532.90 feet and subtended by a long chord bearing
South 87 degrees 59 minutes 44 seconds East a distance of 608.80 feet; thence South
87 degrees 23 minutes 00 seconds East 799.76 feet to a concrete right -of -way
monument; thence South 81 degrees 40 minutes 22 seconds East 50.25 feet to an
iron pin; thence South 87 degrees 23 minutes 00 seconds East 100.00 feet to an iron
pin: thence North 86 degrees 53 minutes 53 seconds East 49.74 feet to an iron pin;
thence Southeasterly 73.61 feet on a curve to the right having a radius of 4.468.66
feet and subtended by a long chord bearing South 86 degrees 39 minutes 01 second
East a distance of 73.61 feet to a 5/8 inch rebar and the true point of beginning of the
real estate herein described; thence continuing with the aforesaid South right -of -way
line Southeasterly 739.81 feet on a curve to the right having a radius of4,468.66 feet
and subtended by a long chord bearing South 81 degrees 26 minutes 35 seconds East
a distance of 738.96 feet; thence South 76 degrees 42 minutes 00 seconds East
110.63 feet to the Northwest corner of a 22.36 acre tract as described in Deed
Record 216. page 387 in the office of the Recorder of Putnam County. Indiana;
thence leaving the South right -of -way line of the aforesaid Indiana State Road #240
South 00 degrees 19 minutes West 755.97 feet with the \Vest line of the aforesaid
22.36 acre tract to the Southwest corner thereof: thence \Vest 839 feet to the East
line of a 0.31 acre tract; thence with said East line North 00 degrees 18 minutes 00
seconds East 891 feet to the point of beginning containing 16.12 acres. more or less.
Commonly known as 2400 East State Road 240. (DR 225 page 542)
TRACT III — Force Holdings Property
Situate in the State of Indiana. County of Putnam and being. a part of the South half
of Section 13 and part of the North half of Section 24, all in Township 14 North,
Range 4 West of the Second Principal Meridian, more particularly described to -wit:
Commencing at a point where the North right -of -way of Indiana State Road No. 240
as described in Right- of - Way Grant Book 1 Page 118 in the Office of the Recorder
of Putnam County. Indiana intersects the centerline of County Road 275 East
(having, a right -of -way width of 33.0 feet), which point is 259.98 feet South and
3.344.33 feet East of the Northwest corner of Section 24, Township 14 North, Range
4 West; thence north 74 decrees 00 minutes 38 seconds \Vest 16.69 feet with said
North right- of -wav; thence South 53 degrees 50 minutes 03 seconds West 33.86 feet
to the true point of beginning of real estate herein described; thence with the north
right -of -way of said State Road No. 240 South 53 degrees 50 minutes 03 seconds
\Vest 43.31 feet; thence Northwesterly 526.35 feet on a curve to the right having, a
radius of 42,921.85 feet and subtended by a lona chord bearing. North 77 degrees 03
minutes 05 seconds West a distance of 526.34 feet: thence north 76 degrees 42
minutes 00 seconds West 314.00 feet; thence Northwesterly 135.66 feet on a curve
to the left having a radius of 4633.66 feet and subtended by a lone chord bearing
North 77 degrees 32 decrees 19 minutes West a distance of 135.66 feet: thence
North 73 decrees 21 minutes 34 seconds West 101.69 feet; thence North 81 degrees
30 minutes 09 seconds \Vest 242.60 feet; thence leaving the North right -of -way of
said State Road #240 North 481.21 feet to the Southwest corner of a 43.57 acre tract
of land as described in Deed Record 183. page 522 in the Office of the recorder of
Putnam County. Indiana; thence East 1317.51 feet with the South line of said 43.57
acre tract to the \Vest line of a 0.726 of an acre tract of land; thence South 00 degrees
27 minutes 02 seconds East 740.09 feet with the \Vest line of said 0.726 of an acre
tract to the point of beginning. containing 18.82 acres, more or less.
Commonly known as 2601 East State Road 240 (Deed Record 2014003905)
2. That the above described real estate is deemed by the Common Council of the City of
Greencastle to be an economic revitalization area within the corporate limits of the City of
Greencastle. Putnam County. Indiana, which has become obsolete and not lending itself to normal
development because of the availability of other development ground within the City which is
qualified for tax abatement and because of a cessation or lack of growth in the general area which
is anticipated to lead to the deterioration of the area and continued stagnation of employment
within the City of Greencastle if said area is not utilized as an area to promote industrial expansion
for the City of Greencastle.
3. That in order to be competitive in attracting new industrial prospects to the City of
Greencastle. Indiana, and new investment by existing industry, it is imperative that such City
offer to prospective new industries locatina in and existing industries investing in the
above- described area up to the maximum tax abatement as allowed by law.
4. That the Common Council now RESOLVES that the above - designated area shall be
declared an economic revitalization area under the terms and provisions of I.C. 6-1.1-L2.1-2.5.
5. That this Resolution shall be published pursuant to the provisions of I.C. 5 -3 -1 and a
cope of this Resolution shall be provided to the Putnam County Assessor's Office for inspection
therein.
6. That after due publication a public hearing shall be held at the time set forth in the
public notice notifying of the passage of this Resolution at ■vhich time, this Common Council shall
received and hear all remonstrances and objections; determine whether or not the qualifications for
an economic revitalization area have been met; and take final action upon this Resolution.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its
regular meeting this 9th day of March. 2017.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
Adam Co en .cie Landon
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Mark N. Hammer / Tyler ' d-
4ry Lemon S eve Fields
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D. 'e Murray '
Approved and signed by me this o+ day of Maras - . 2017. at
o'clock r, .m.
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William A. Do ¶J ., N` or
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ATTEST:
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'nda Dunbar. Clerk- Treasurer