HomeMy Public PortalAboutResolution 10-2013-10 RESOLUTION 2013— 10
COMMON COUNCIL
CITY OF GREENCASTLE,INDIANA
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
(CHIYODA USA CORPORATION)
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 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:
( S
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:
Part of the Northwest Quarter of Section 24, Township 14 North Range 4 West of
the Second Principal Meridian, Putnam County, Indiana, described as follows:
Commencing a 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 chord bearing South 88 degrees
16 minutes 36 second 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 279.11 feet on a curve to the 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 second 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
111) property fence line to the Point of Beginning.
AND ALSO:
Part of the Northwest Quarter of Section 24, Township 14 North Range 4 West of
the Second Principal Meridian,Putnam County, Indiana, described as follows:
Commencing a 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 chord bearing South 88 degrees
16 minutes 36 second 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 West1,277.74 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.
EXCEPT:
Part of the Northwest Quarter of Section 24, Township 14 North Range 4 West of
the Second Principal Meridian, Putnam County, Indiana,described as follows:
Commencing a 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 chord bearing South 88 degrees
16 minutes 36 second East a distance of 329.70 feet; thence leaving said South
right-of-way line South 01 degrees 16 minutes 25 seconds West 985.73 feet to the
POINT OF BEGINNING of the real estate herein described; thence South 89
degrees 42 minutes 00 seconds East 1,272.62 feet; thence South 00 degrees 18
minutes 00 seconds West 301.18 feet; thence North 89 degrees 42 minutes 00
seconds West 1,277.74 feet; thence North 01 degree 16 minutes 25 seconds East
301.23 feet to the point of beginning,containing 8.82 acres of land more or less and
subject to any easements,rights-of-way, and restrictions of record.
Commonly known as 2200 East State Road 240
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
receive 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 14th day of May, 2013.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
insie S. Ingham Adam Cohen
1 -4 C
M k N. Hammer Ph is Ross Rokicki
Terry J.,$m th
Approved and signed by me this 14th day of May, 2013 att .m. o'clock.
Susan V. Murray, Mayor
rti ATTEST:
ynda R. Dunbar, Clerk-Treasurer