HomeMy Public PortalAbout19-1997-22 RESOLUTION NO. 1997-22 .�Rr
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A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
(H.A. PARTS PRODUCTS OF INDIANA COMPANY)
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. 6-1.1-12.1-2.5 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 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 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, 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 28,532.90 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
srljeii 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 beginning, containing 18.71
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.
3. That in order to be competitive in maintaining and expanding the new industrial
base in the City of Greencastle, Indiana, it is imperative that such City offer to prospective
industrial expansion locating in the above-described area 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.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its
regular meeting this/3(4 day of May, 1997.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
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Thomas . Roach David Masten
cud A
rk N. Hammer Barry B6nard
Kie Greenj
Approved and signed by me this/3(75day of ' / , 1997 at 'clock
.m.
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Nancy A. Michael, Mayor
Pamela S. Jones, C er - easurer
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