HomeMy Public PortalAbout19-1988-27 RESOLUTION NO. 1988-27
A RESOLUTION CONFIRMING A RESOLUTION DECLARING AN ECONOMIC
REVITALIZATION AREA PASSED BY THE COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA ON THE 10TH DAY OF MAY, 1988.
WHEREAS, the Common Council of the City of Greencastle,
Indiana, did on the 10th day of May, 1988, pass a Resolution
declaring an economic revitalization area; and
WHEREAS, the Common Council did, pursuant to I.C.
6-1.1-12.1-2.5(c) publish notice of the adoption and passage of
such Resolution and notice of the fact that the same would come
on for public hearing at the June meeting of the Common Council
on June 14, 1988, at 7:30 o'clock, p.m. in the City Building in
Greencastle, Indiana; and
WHEREAS, the Common Council of the City of Greencastle,
Indiana, has determined that it would be in the best interests 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
WHEREAS, I.C. 6-1.1-12.1-1 to I.C. 6-1.1-12.1-6 defines the
`0 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 property as
defined in I.C. 6-1.1-12.1-3 and a deduction for new manufactur-
ing 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: Sherwin-Williams
Situate in the State of Indiana, County of Putnam and
being a part of the West half of the Northeast quarter
and the East half 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 the Northwest corner of Section 24,
1.
Township 14 North, Range 4 West; thence South 88
degrees 10 minutes East 3840.10 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
Low 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 degrees 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 West
370.24 feet to an iron pin; thence leaving the afore-
said 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 Road #240; thence with said South
right-of-way 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 43086.85 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 East 50.39 feet to an
iron pin; thence Southeasterly 150.42 feet on a curve
to the left having a radius of 43091.85 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.
Subject to existing county road right-of-way and all
pertinent easements of record.
Tract II: H.A. Parts Products of Indiana Co.
Situate in the State of Indiana, County of Putnam and
being a part of the Northwest quarter, Section 24,
Township 14 North, Range 4 West of the Second Principal
Meridian, more particularly described to-wit:
Commencing at the Northwest corner of Section 24,
Township 14 North, Range 4 West; thence South 00
degrees 52 minutes West 90.11 feet with the West 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 329.70 feet on a curve
to the right having a radius of 28532.90 feet and
subtended by a long chord bearing South 88 degrees 16
minutes 36 seconds East a distance of 329.70 feet to an
iron pin and the true point of beginning of the real
estate herein described; thence continuing with said
South right-of-way Southeasterly 279.11 feet on a curve
to the right having a radius of 28532.90 feet and
subtended by a long chord bearing South 87 degrees 39
minutes 49 seconds East a distance of 279.11 feet to an
iron pin; 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
28.21 feet to an iron pin; thence leaving the South
right-of-way line of the aforesaid Indiana State Road
240 South 00 degrees 18 minutes 00 seconds West 618.97
feet to an iron pin; thence North 89 degrees 42 minutes
00 seconds West 1267.27 feet to an iron pin; thence
North 01 degree 16 minutes 25 seconds East 670.70 feet
with an established property fence line to the point of
2.
beginning, containing 18.71 acres, more or less.
Subject to all rights-of-way and pertinent easements of
record.
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, 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 in the area if
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, it is
imperative that such City offer to prospective new industries
locating in the above-described area maximum tax abatement as
allowed by law.
enN 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. 6-1.1-12.1-2.5
PASSED and RESOLVED this 14th day of June, 1988.
COMMON COUNCIL OF THE CITY
OF CASTLE, IND
� L rQ.- �
Sheri Z. Roach
T> Conway� )
Susan
V. Murray �--�
Robert P. Sdo ve lack
W/),,,A,
Michel W. R�cki
Approved and igned by me this- 14th day ,Of June, 1988, at
/0,vZ0 o'clock, .m. C `/
Michael M. Harmless,
A ST: Mayor
r, I
ah Berry,
k-Treasurer
3.