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R E S O L U T I O N N O . 2 0 0 6 - 2 3
A R E S O L U T I O N D E C L A R I N G A N E C O N O M I C R E V I T A L I Z A T I O N A R E A
( E N T E R P R I S E P A R K I - P H A S E I I S U B D I V I S I O N )
W H E R E A S , t h e C o m m o n C o u n c i l o f t h e C i t y o f G r e e n c a s t l e , I n d i a n a , h a s d e t e r m i n e d t h a t
i t w o u l d b e i n t h e b e s t i n t e r e s t o f t h e c i t i z e n s o f G r e e n c a s t l e , I n d i a n a , i f s u c h C o m m o n C o u n c i l
d e f i n e d a n d d e c l a r e d a c e r t a i n a r e a w i t h i n s u c h C i t y a s a n e c o n o m i c r e v i t a l i z a t i o n a r e a ; a n d
W H E R E A S , I . C . 6 - 1 . 1 - 1 2 . 1 - 1 t o I . C . 6 - 1 . 1 - 1 2 . 1 - 2 . 5 d e f i n e s t h e p r o c e d u r e f o r e s t a b l i s h i n g
s u c h a n e c o n o m i c r e v i t a l i z a t i o n a r e a ; a n d
W H E R E A S , t h e C o m m o n C o u n c i l d e s i r e s t o m a k e a v a i l a b l e t o p e r s o n s o w n i n g p r o p e r t y i n
s u c h e c o n o m i c r e v i t a l i z a t i o n a r e a t h e r i g h t t o a d e d u c t i o n f r o m t h e a s s e s s e d v a l u e o f r e a l p r o p e r t y
a s d e f i n e d i n I . C . 6 - 1 . 1 - 1 2 . 1 - 3 a n d a d e d u c t i o n f o r p e r s o n a l p r o p e r t y a s d e f i n e d i n I . C . 6 - 1 - 1 - 1 2 . 1 -
4 . 5 .
N O W T H E R E F O R E B E I T R E S O L V E D b y t h e C o m m o n C o u n c i l o f t h e C i t y o f G r e e n c a s t l e ,
I n d i a n a , a s f o l l o w s :
1 . T h a t t h i s C o m m o n C o u n c i l h e r e b y d e c l a r e s b y d e s c r i p t i o n t h e b o u n d a r i e s o f t h e a r e a t o
� b e d e c l a r e d h e r e i n t o b e a n e c o n o m i c r e v i t a l i z a t i o n a r e a a s f o l l o w s :
S i t u a t e i n t h e S t a t e o f I n d i a n a , C o u n t y o f P u t n a m a n d b e i n g a p a r t o f S e c t i o n s 1 3 ,
T o w n s h i p 1 4 N o r t h , R a n g e 4 W e s t o f t h e S e c o n d P r i n c i p a l M e r i d i a n , m o r e
p a r t i c u l a r l y d e s c r i b e d , t o - w i t :
L o t 1 a n d L o t 2 o f t h e E n t e r p r i s e P a r k I - P h a s e I I S u b d i v i s i o n .
A l s o c o m m o n l y k n o w n a s t h e S g t . C u n n i n g h a m S i t e .
2 . T h a t t h e a b o v e d e s c r i b e d r e a l e s t a t e i s d e e m e d b y t h e C o m m o n C o u n c i l o f t h e C i t y o f
G r e e n c a s t l e t o b e a n e c o n o m i c r e v i t a l i z a t i o n a r e a w i t h i n t h e c o r p o r a t e l i m i t s o f t h e C i t y o f
G r e e n c a s t l e , P u t n a m C o u n t y , I n d i a n a , w h i c h h a s b e c o m e o b s o l e t e a n d n o t l e n d i n g i t s e l f t o n o r m a l
d e v e l o p m e n t b e c a u s e o f t h e a v a i l a b i l i t y o f o t h e r d e v e l o p m e n t g r o u n d w i t h i n t h e C i t y w h i c h i s
q u a l i f i e d f o r t a x a b a t e m e n t a n d b e c a u s e o f a c e s s a t i o n o r l a c k o f g r o w t h i n t h e g e n e r a l a r e a w h i c h
i s a n t i c i p a t e d t o l e a d t o t h e d e t e r i o r a t i o n o f t h e a r e a a n d c o n t i n u e d s t a g n a t i o n o f e m p l o y m e n t w i t h i n
t h e C i t y o f G r e e n c a s t l e i f s a i d a r e a i s n o t u t i l i z e d a s a n a r e a t o p r o m o t e i n d u s t r i a l e x p a n s i o n f o r t h e
C i t y o f G r e e n c a s t l e .
3 . T h a t i n o r d e r t o b e c o m p e t i t i v e i n a t t r a c t i n g n e w i n d u s t r i a l p r o s p e c t s t o t h e C i t y o f
G r e e n c a s t l e , I n d i a n a , a n d n e w i n v e s t m e n t b y e x i s t i n g i n d u s t r y , i t i s i m p e r a t i v e t h a t s u c h C i t y o f f e r
t o p r o s p e c t i v e n e w i n d u s t r i e s l o c a t i n g i n a n d e x i s t i n g i n d u s t r i e s i n v e s t i n g i n t h e a b o v e - d e s c r i b e d
� a r e a u p t o t h e m a x i m u m t a x a b a t e m e n t a s a l l o w e d b y l a w .
I
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 -I.I- 12.1 -2.5.
5. That this Resolution shall be published pursuant to the provisions of I.C. 5 -3 -1 and a copy
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 which 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 12th day of September, 2006.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
0
/4", C,
R Evans
r
n A. anie /
Thomas W. Roach
Approved and signed by me this
12th day of September, 20 .at of p.m. o'clock.
a,
Nancy A. Mich 1, Mayor
ATTEST:
Teresa P. Glenn, Clerk - Treasurer
Marl
Robert P. Sedlack