HomeMy Public PortalAbout19-1988-47 VOID RESOLUTION NO. 1988-47
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
PASSED BY THE COMMON COUNCIL OF THE
CITY OF GREENCASTLE, INDIANA
ON THE 10TH DAY OF NOVEMBER, 1988
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. 6-1.1-12.1-2.5 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 property as defined in I.C. 6-1.1-12.1-3,
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:
The following described real estate located in Putnam County, State
of Indiana, and being a part of the Southeast quarter of the
Southeast quarter of Section 15, Township 14 North, Range 4 West of
the Second Principal Meridian, more particularly described, to-wit:
Commencing at the Southeast corner of the Southeast quarter of the
Southeast quarter of Section 15, Township 14 North, Range 4 West;
thence North 00 degrees 02 minutes West 341.8 feet with the East
line of said Southeast quarter quarter to the true point of
beginning of the real esate herein described; thence South 85
degrees 39 minutes West 233.05 feet; thence South 00 degrees 02
minutes East 2.0 feet; thence South 88 degrees 45 minutes West 90.02
feet: thence South 00 degrees 15 minutes East 59.32 feet; thence
South 89 degrees 19 minutes West 569.62 feet; thence North 00
degrees 09 minutes East 855.81 feet; thence North 89 degrees 19
minutes East 889.33 feet to the East line of said Southeast quarter
quarter; thence South 00 degrees 02 minutes East 778.65 feet with
said East line to the point of beginning, containing 17.0 acres,
more or less.
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 con-
tinued 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, it is imperative that such City
offer to prospective new industries locating in the above-described area
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
provision of I.C. 6-1.1-12.1-2.5.
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 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 receive 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 THIS
10th DAY OF NOVEMBER, 1988.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
Sheri Z. Roach
Tim Conway
Susan V. Murray
Robert P. Sedlack
Michael W. Rokicki
Approved and signed by me this 10th day of November, 1988, at
o'clock, .m.
Michael M. Harmless,
Mayor
ATTEST:
Judith Berry,
Clerk-Treasurer