HomeMy Public PortalAbout14-1990-14 RESOLUTION NO. 1990-14
A RESOLUTION CONFIRMING A RESOLUTION DECLARING AN ECONOMIC
• REVITALIZATION AREA PASSED BY THE COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA ON THE 21ST DAY OF AUGUST, 1990.
WAL-MART, INC. DISTRIBUTION CENTER
WHEREAS, the Common Council of the City of Greencastle,
Indiana, did on the 21st day of August, 1990, 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 a special meeting of the Common Council on
September 25, 1990, 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 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
WHEREAS, I.C. 6-1.1-12.1-1 to I.C. 6-1.1-12.1-6 defines the
procedure for establishing such an economic revitalization area;
4 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
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:
1.
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 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.
4 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
APIN
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.
41,
2.
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 25th day of September, 1990.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
Sheri Z. R ch Susan V. Murray
im Conway Roberti P. Sed1a 51 /( ?/
U4 /%,7P>z% )139A
Michael W. Rokicki
Approved and signed by me this 25th day of September, 1990,
at r' Sv o'clock, f.m. /
l / //_-
Michael M. Harmless,
Mayor
ATTEST:
it Berry, /�
rk-Treasurer l�
III
411
3.