HomeMy Public PortalAbout02-2011-13 twpRESOLUTION NO. 2011 - 13 .‘t'•ri
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A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
(370 MANHATTAN ROAD)
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 including 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:
Situated in the State of Indiana, County of Putnam and being a part of the West half
of the Northeast quarter of Section 29, Township 14 North, Range 4 West of the
Second Principal Meridian more particularly described to-wit:
Beginning at the Southwest corner of the West half of the Northeast quarter of Section
29,Township 14 North,Range 4 West;thence North 1762 feet with the West line of
said Northeast quarter to the centerline of a paved county road;thence Northeasterly
1494 feet with said centerline to the East line of the West half of said Northeast
quarter; thence leaving said centerline South 1327 feet with said East line to the
centerline of the Greencastle-Manhattan Road;thence Southwesterly 1236.4 feet with
said centerline to the South line of said West half quarter; thence West 815.2 feet to
the point of beginning containing 57 acres, more or less.
Also;
A part of the East half of the Northeast quarter of Section 29, Township 14 North,
Range 4 West of the Second Principal Meridian more particularly described to-wit:
Beginning at the point of intersection of the West line of the East half of the Northeast
quarter of Section 29, Township 14 North, Range 4 West and the centerline of the
Greencastle-Manhattan Road the said point of intersection being 1124 feet North of
the Southwest corner of said East half; thence North 332 feet with said West line to
the South line of a 100 foot wide easement granted to the Public Service Company of
n Indiana; thence South 72 degrees 28 minutes East 117 feet to the said West right-of-
way line of the Monon Railroad; thence Southwesterly 281 feet with the West right-
of-way line to the centerline of the aforesaid Manhattan Road; thence Southwesterly
30 feet with said centerline to the point of beginning containing 0.45 of an acre,more
or less.
Commonly known as 370 Manhattan Road. Deed Record 2005007519
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 July, 2011.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
4rqd'i6 S e ' �, -
insie S Bingham Adam ohen
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M rk N. Hammer Phyllfs R' oss Ro icki
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Terry J. S •
Approved and signed by me this 12th day of July, 2011 at- tkE p.m. o'clock.
Susan V. Murray, Mayor
ATTEST.
Teresa P. Glenn, Clerk-Treasurer