HomeMy Public PortalAbout05-2001-5 kSn 4 ��itl 4�l..�
RESOLUTION NO. 2001 - 5
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 cord 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 279 I I
feet on a curve tot eh right having a radius of 28,532.90 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.
ALSO:
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 an iron pin marking 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 cord bearing South 88 degrees 16
minutes 36 seconds East, a distance of 329.70 feet; thence leaving said South right-of-way
line South 01 degrees 16 minutes 25 seconds West 670.70 feet with an established
property line fence to an iron pin marking the Southwest corner of an 18.71 acre tract and
the true point of beginning of the real estate herein described; thence south 89 degrees 42
minutes 00 seconds East 1,267.27 feet to an iron pin marking the Southeast corner of said
18.71 acre tract; thence South 00 degrees 18 minutes 00 seconds West 616. 17 feet to an
iron pin; thence North 89 degrees 42 minutes 00 seconds West 1,277.74 feet to an iron
pin; thence North 01 degrees 16 minutes 25 seconds East 616.26 feet with an established
property line fence to the point of beginning containing 18.00 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 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-I I- 12 I-2 5
5. That this Resolution shall be published pursuant to the provisions of l.0 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
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 21st day of February, 2001.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
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Norm Crampton Mark N. Hammer
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Yc�e Liechty Thomas W. Roach
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Mike Rokicki
Approved and signed by me this 21st day of February, 2001 at 6:zo p.m. o'clocketAt .
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Nancy A. i hael, Mayor
ATTEST:
Pamela S. Jones, r -Treasurer