HomeMy Public PortalAbout23-2006-23 A Urn,
1.110.11, SCAP
RESOLUTION NO. 2006-23
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
(ENTERPRISE PARK I - PHASE II SUBDIVISION)
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 real property
as defined in I.C. 6-1.1-12.1-3 and a deduction for personal property 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 Sections 13,
Township 14 North, Range 4 West of the Second Principal Meridian, more
particularly described, to-wit:
Lot 1 and Lot 2 of the Enterprise Park I - Phase II Subdivision.
Also commonly known as the Sgt. Cunningham Site.
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 12th day of September, 2006.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
R Evans Mar N. Hammer
A. anie Robert P. Sedlack
Thomas W. Roach
Approved and signed by me this 12th day of September, 20106 at ,D
p.m. o'clock.
e�\ani
Nancy A. Mich 1, Mayor
ATTEST. JJJ
Teresa P. Glenn, Clerk-Treasurer