HomeMy Public PortalAbout12-1990-12 RESOLUTION NO. 1990-12
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
PASSED BY THE COMMON COUNCIL OF THE
CITY OF GREENCASTLE, INDIANA
WAL-MART, INC. DISTRIBUTION CENTER
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 and a deduction for new
manufacturing equipment as defined in I.C. 6-1.1-12.1-4.5,
NOW THEREFORE, BE IT RESOLVED, by the Common Council of the
010 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:
Situate in the State of Indiana, County of
Putnam and being a part of the West half of
Section 23, Township 14 North, Range 4 West
of the Second Principal Meridian, more
particularly described to-wit:
Commencing at the Southwest corner of Section
23, Township 14 North, Range 4 West; thence
North 00 degrees 27 minutes East 1729.52 feet
with the West line of said Section 23 and to
the true point of beginning of the real
estate herein described; thence North 00
degrees 27 minutes East 2132.92 feet with the
West line of said Section 23; thence South 89
degrees 33 minutes East 20.00 feet to the
East right-of-way of 10th Street; thence with
the right-of-way of the proposed Southern
Highway, North 08 degrees 59 minutes East
101.12 feet; thence North 00 degrees 27
minutes East 24.97 feet; thence leaving the
right-of-way of said Southern Highway, South
89 degrees 25 minutes East 259.84 feet;
thence North 05 degrees 34 minutes West
265.95 feet to the South right-of-way of the
aforesaid Southern Highway; thence with said
Southern right-of-way, North 63 degrees 18
1.
minutes East 148.02 feet; thence North 64
degrees 16 minutes East 300.04 feet; thence
North 59 degrees 30 minutes East 300.67 feet;
thence North 63 degrees 18 minutes East
300.00 feet; thence North 69 degrees 01
minute East 100.50 feet; thence North 57
degrees 49 minutes East 104.48 feet; thence
North 63 degrees 18 minutes East 581.33 feet;
thence leaving the Southern right-of-way of
said Southern Highway, thence South 00
degrees 53 minutes West 3378.02 feet; thence
North 89 degrees 21 minutes West 1866.13 feet
to the point of beginning, containing 122.77
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 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.
0114)
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 provisions 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.
2.
PASSED AND RESOLVED BY THE COMMON COUNCIL OF THE CITY OF
GREENCASTLE THIS 21st DAY OF AUGUST, 1990.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
Sheri Z. R Susan V. Murray
Tim Conway 99 1 Robe t P. Se lack"
/j /
ichael W. Rokicki
Approved and signed by me this 21st day o August, 1990, at
; 30 o'clock, fl.m.
GNP
Michael M. Harmless,
Mayor
ATTEST:
J ith Berr
rk-Treasurer
ORO
(04
3.