HomeMy Public PortalAbout10-1999-10 RESOLUTION NO. 1999 - 10
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
(F. B. DISTO, INC.)
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.
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:
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Commonly known as the F B Distro, Inc. facility located at 1901 State Road 240 East and
described in Deed Record - Book 185 Page 293 and Book 185 Page 305 in the Putnam County
Courthouse.
Situate in the State of Indiana, County of Putnam and being a part of Section 13, 14, 23, and 24,
all in Township 14 North, Range 4 West of the Second Principal Meridian, more particularly
described to-wit:
Commencing at the Northeast corner of Section 23, Township 14 North, Range 4 West; thence
South 01 degree 20 minutes 30 seconds West 90.10 feet with the East line of said Section 23 to
the South right-of-way of Indiana State Road 240 and the true point of beginning of the real
estate herein described; thence from said true point of beginning and with the South right-of-way
of the aforesaid Indiana State Road 240 Westerly 461.20 feet on a curve to the left having a
radius of 28,532.90 feet and subtended by a long chord bearing North 89 degrees 04 minutes 13
seconds West a distance of 461.19 feet; thence North 89 degrees 32 minutes 00 seconds West
1,525.20 feet; thence South 84 degrees 45 minutes 22 seconds West 50.25 feet; thence North 89
degrees 32 minutes 00 seconds West 100.00 feet; thence North 83 degrees 49 minutes 22 seconds
West 50.25 feet; thence North 89 degrees 32 minutes 00 seconds West 300.50 feet; thence North
89 degrees 21 minutes 00 seconds West 822.23 feet; thence South 89 degrees 23 minutes 17
seconds West 227.02 feet to the North right-of-way of the former location of the Conrail
01111 Railroad; thence leaving the South right-of-way of the aforesaid Indiana State Road 240 and with
the North right-of-way of the aforesaid railroad North 63 degrees 15 minutes 10 seconds East
5,970.70 feet to the North line of the South half of Section 13, Township 14 North, Range 4
West; thence South 87 degrees 24 minutes 03 seconds East 1,513.92 feet with said North line to
the West right-of-way line of a county road; thence South 00 degrees 27 minutes 02 seconds East
3,048.71 feet with the West right-of-way line of said county road and the Southerly extension
thereof to the South right-of-way of the aforesaid Indiana State Road 240; thence with said South
right-of-way Westerly 64.56 feet on a curve to the right having a radius of 43,091.85 feet and
subtended by a long chord bearing North 77 degrees 29 minutes 49 seconds West a distance of
64.63 feet; thence North 71 degrees 43 minutes 47 seconds West 50.42 feet; thence Westerly
517.21 feet on a curve to the right having a radius of 43,086.85 feet and subtended by a long cord
bearing North 77 degrees 02 minutes 38 seconds West a distance of 517.24 feet; thence North 76
degrees 42 minutes 00 seconds West 314.00 feet; thence Westerly 813.38 feet on a curve to the
left having a radius of 4,468.66 feet and subtended by a long chord bearing North 81 degrees 54
minutes 52 seconds West a distance of 812.26 feet; thence South 86 degrees 54 minutes 10
seconds West 49.74 feet; thence North 87 degrees 23 minutes 00 seconds West 100.00 feet;
thence North 81 degrees 40 minutes 22 seconds West 50.25 feet; thence North 87 degrees 23
minutes 00 seconds West 799.80 feet; thence Westerly 609.63 feet on a curve to the left having a
radius of 28,532.90 feet and subtended by a long chord bearing North 87 degrees 59 minutes 43
seconds West a distance of 609.55 feet to the point of beginning, containing 269.91 acres.
Except therefrom all property deeded by International Business Machines Corporation to the
Greencastle Properties Company, Automotive Industries, Inc., County of Putnam, and City of
Greencastle.
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 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 ilud
received 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 9th day of March, 1999.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
Thomas W. Roach David Masten
04 K•trulA"1"-g^-- ti • d,
Ma k N. Hamm r Barry Baynar.Y1
reen
Approved and signed by me this 9th day of March, 1999 at 0- S p.m. o'clock.
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Nancy A. chael, Mayor
ATTEST: vv
(49,41
Pamela S. Jones, Clerk ieasurer
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