HomeMy Public PortalAbout32-2005-32 .J�
bi
RESOLUTION NO. 2005-32
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION
(NOVA SOLUTIONS,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 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 South half
of Section 13, Township 14 North, Range 4 West of the Second Principal Meridian,
more particularly described to-wit:
Commencing at the point of intersection of the centerline of a county road and the
North right-of-way line of Indiana State Road 240 which is 259.98 feet South and
3344.35 feet East of the Southwest corner of Section 13,Township 14 North,Range
4 West; thence North 00 degrees 27 minutes 02 seconds West 2124.75 feet with the
centerline of said county road to a railroad spike;thence West 43.50 feet to a 5/8 inch
rebar marking the Southwest corner of a 0.694 acre tract conveyed to Putnam County,
Indiana and described in Deed Record 183,page 530 in the office of the Recorder of
Putnam County, Indiana and the true point of beginning of the real estate herein
described; thence West 650.00 feet with the North line of a 43.57 acre tract as
described in Deed Record 183,page 522 in the aforesaid Recorder's Office to a 5/8
inch rebar; thence North 00 degrees 27 minutes 02 seconds West 325 feet to a 5/8
inch rebar; thence East 650.00 feet to a 5/8 inch rebar on the West line of the
aforesaid 0.694 acre tract; thence South 00 degrees 27 minutes 02 seconds East
325.00 feet to the point of beginning, containing 4.85 acres, more or less.
Also known as real estate in Putnam County, State of Indiana, to-wit:
Enterprise Park I,an Addition to the City of Greencastle, as per plat thereof recorded
in Plat Book 10, pages 83-85, in the office of the Recorder of Putnam County,
Indiana.
Also known as 650 Fillmore Road.
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,Putnam County,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, and new investment by existing industry,it is imperative that such City offer
to prospective new industries locating in and existing industries investing in the above-described
area up to the 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 Putnam 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 11 th day of October, 2005.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
Russ Evans M k N. Hammer
John A.Lanie Robert P. Sedl ck
Thomas W. Roach