HomeMy Public PortalAbout06 - 2023-6 - ECONOMIC REVITALIZATION AREA FOR CROWN EQUIPMENT CORP. RESOLUTION NO. 2023 -6
A RESOLUTI O.N DECLARING AN ECONOM.'C REVITALIZATION
AREA
(CROWN EQUIPMENT CORPO I° TION)
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 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 t ze 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, research and
development equipment, logistical distribution equipment, and information
technology 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 d Glares by description the
boundaries of the area to be declared herein to be an ec nomic revitalization area as
follows:
Situate in the State of Indiana, County of Putn and being a part of
the South half of Section 13, Township 14 Nort , Range 4 West of the
Second Principal Meridian, more particularly d scribed to-wit:
Beginning at a railroad spike in the centerline o a county road which
is 464.71 feet North and 3338.63 feet East of th Southwest corner of
Section 13, Township 14 North, Range 4 We t; the said railroad
spike is further described as being North 00 d grees 27 minutes 02
seconds West 724.71 feet from the intersection of the centerline of
said county road and the North right-of-way line lof Indiana State Road
No. 240; thence West 1361.01 feet to a concre e monument; thence
North 1400.00 feet to a concrete monument;the ce East 1350.00 feet
to a railroad spike in the centerline of the afores id county road which
is South 00 degrees 27 minutes 02 seconds East 1400.04 feet with the
centerline of said county road to the point of eginning, containing
43.57 acres, more or less.
EXCEPT THEREFROM the following described real estate:
Beginning at a point 1864.71 feet North and 1'77.62 feet East of the
Southwest corner of Section 13, Township 14 orth, Range 4 West;
thence East 250.0 feet; thence South 200.0 feet; thence West 250.0
feet; thence North 200.0 feet to the point of eginning, containing
1.148 acres.
Also commonly known as 750 South Fillmore oad.
2. That the above described real estate is deem d by the Common Council
of the City of Greencastle to be an economic revitalizati n area within the corporate
limits of the City of Greencastle, Putnam County, I diana, 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 ea which is anticipated to
lead to the deterioration of the area and continued stagn tion of employment within
the City of Greencastle if said area is not utilized as 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 investmen 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 RESOLVE that the above-designated
area shall be declared an economic revitalization ea under the terms and
provisions of I.C. 6-1.1-12.1-2.5.
5. That this Resolution shall be published purs ant to the provisions of I.C.
5-3-1 and a copy of this Resolution shall be provised to the Putnam County
Assessor's Office for inspection therein.
6. That after due publication, a public hearing hall be held at the time set
forth in the public notice notifying of the passage of thi. Resolution at which time,
this Common Council shall receive and hear all remonstrances and objections;
determine whether or not the qualifications for an econo is 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 11th day of May 2023.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
G4V,
Cody Eckert Mark H er
sZ �`-
arvey Stacie L gdon
vid Murray V
Darrel Thomas
Approved and signed by me this 11th day of May 2023 at 7�413 p.m. o'clock.
Wi liam A. Dory, May r
ATTEST:
L da R. Dunbar, Clerk-Treasurer "