Loading...
HomeMy WebLinkAbout1996-R-09RESOLUTION 96--R-- d~ A RESOLUTION BY THE COA~40N COUNCIL OF THE CITY OF JEFFERSONVILLE, INDIANA, DESIGNATING CEI~TAIN DEVELOPFIE1FT AREAS AS "ECONOMIC REVITALIZATION AREAS" WITHIN JEFFERSOBVILLE, INDIANA WHEREAS, it has been requested that certain areas within the City of Jeffersonville, State of Indiana, be designated as economic revitalization areas, pursuant to I.C. 6-1.1-12.1-1 through I.C. 6-1.1-12.1-7; and WHEREAS, the Common Council of the City of Jeffersonville, Indiana, recognizes the need to stimulate growth and to maintain a sound economy in the city, under the jurisdiction of the Common Council of the City of Jeffersonville; and WHEREAS, certain areas of the city are undesirable for, and/or impossible of, normal development and occupancy because of a lack of normal development, deterioration of improvements or character of occupancy, age, obsolescence, or other factors which have impaired values or prevented a normal development of property or use of property; and WHEREAS, the Common Council Indiana, further recognizes that of the City of Jeffersonville, incentives to locate development in these underutilized or bypassed areas would be in the city's best interest; and WHEREAS, the Common Council of the City of Jeffersonville, Indiana, further recognizes that it would be beneficial to designate certain areas within the city that presently qualify as economic revitalization areas for purposes of a deduction against the assessed value of property; and WHEREAS, the Common Council of the~ City of Jeffersonville, Indiana, is vested with the authority to designate certain areas of the city to be economic revitalization areas; and WHEREAS, the applicant has filed with the Common Council of the City of Jeffersonville, Indiana, a Statement of Benefits in accordance with I.C. 6-1.1-12.1-3; and WHEREAS, the Common Council of the City of Jeffersonville, Indiana, has reviewed the Statement of Benefits required under this Section and now makes the following findings concerning such: 1. The estimate of the value of the redevelopment or rehabilitation is reasonable for projects of that nature. 2. The estimate of the number of individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation. 3. The estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation. 4. The benefits about which information was requested are benefits that can reasonably be expected to result from the proposed described redevelopment or rehabilitation. 5. The totality of the benefits is sufficient to justify the deduction. -2- The Council additionally makes the following findings in regard to this application concerning improvements and new manufacturing equipment: 1. The estimate of the costs of the new manufacturing equipment and improvements is reasonable. 2. The estimate of the number of individuals who will be employed or whose employment will be retained can be reasonably expected to result from the installation of the new manufacturing equipment and improvements to the real estate. 3. The estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed installation of manufacturing equipment and improvements to the real estate. 4~ The totality of the benefits is sufficient to justify the deduction from assessed valuation of the new manufacturing equipment and improvements to the real estate. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Jeffersonville, Indiana, that: The following area be declared and designated as an economic revitalization area: (See both Exhibits A attached hereto and made a part hereof as if fully set forth herein.) This area is hereby designated as an "Economic Revitalization Area," and shall be entitled to qualify for a 10-year deduction against assessed evaluation of real property, and further the area described herein and designated as an "Economic Revitalization Area" shall be entitled to qualify for a 10-year deduction against -3- the assessment for new 6-1.1-12.1-4.5. PASSED AND ADOPTED on this 1996. manufacturing equipment under I.C. day of ATTEST: C. Richard Spencer, Jr.~/ Clerk-Treasurer COMMON COUNCIL OF THE CITY JEFFE~. ONVILLE ,~NDi IANA President OF Presented by me as Clerk-Treasurer %o the May~r of the City of Jeffersonville, Indiana, this ~ day of r''~. , 1996. C. Richard Spencer[ Jr. Clerk-Treasurer Approved and signed by me this Z~ day of -4- ALL THAT CERTAIN 9or=ion of the property of Consolidated Rail corporation, formerly Philadelphia, Baltimore and Washington Railroad Company, known as the Wa=son Running Track and identified as Line Code 8351 in the records of the United States Railway -Association, situate in the Township of Jeffersonville, County of 'CI~rk and State of Indiana, being a par~ of Survey No. 33 of the Illinois Grant and being more particularly bounded and described in accordance with a Plat of Survey prepared by Joseph W. Jacobi, Sr., R.L.S. No. 10080, of Jacobi and Toombs, Inc., Consulting Engineers, 120 Bell Avenue, Clarksville, In~liana, Job. No. 6862-A, da=ed November 5, 1986; as follows: COMMENCING at a point in the northwesterly line of Survey No. 20 of the Illinois Grant which also marks the south corner of said Survey No. 33 of the Illinois Grant; thence the following course: North 50e 00' 00" East, 1,314.10 feet with the line dividing surveys No. 20 and 33 to a point in the New Albany-ChariestownPike which is the true place of BEGINNING; thence the following courses: North 39o 16' 01. East, 353.51 feet with the common right of way line of the Chessie System railroad and said Consolidated Rail Corpora=ion to an iron pipe; thence North 39- 16' 01" East, 79%.82 feet continuing with said common right of way line to an iron pipe; thence North 39o 16' 01" East, 46.64 feet continuing with said common right of way line to a point in the center of the Hamburg Pike; thence South 0o 45' 45" East, 108.84 fee= with the center of Hamburg Pike to the southeasterly right of way line of said Consolidated Rail Corporation right of way; thence South 39e 16' 01" West, 46.64 feet with said southeasterly right of way line of Consolidated Rail Corporation to an iron pipe; thence South 39e 16' 01" west, 337.09 feet continuing with last said right of way line to an iron pipe; thence South 390 16' 01" West, 358.58 feet continuing with last said right of way line to a point in the_line dividing said Surveys No. 20 an~ 33; thence South 50~ 00' 00" West, 3?5.89 feet with last said dividing li~e to the true place of.. beginning. A part of surveys No. 32 and 33 of the Illinois Grant in Jeffersonville Township of Clark county, Indiana, being a part of the same land conveyed to William E. and Jesse M. Hobson at' Deed Record 115, Page 227, and bounded as follows: -Beginning at a.-{5oint in the New Albany and Chartestown Pike at the C~z-ner common to said Surveys No. 32 and 33 and in the line of Survey No. 20 of the Illinois Grant, z~,nning thence with the line dividing Surveys No. 20 and 32, being the center line of said Pike, south 54 degrees 52.8 minute? west, 499.21 feet to iron spike in the easterly right-of-way lane of the P.C.C. and sa~. L. Railroad; thence with said eas=erly right-of-way line north 0 degrees 57.4 minutes east, 494.10 feet to a point of curve; thence continuing with said right-of-way line a curve to the right of radius 5762.1 feet and length of arc 759.78 feet and whose cord bears north 4 degrees 44.0 minutes east, 759.29 feet to a point of tangency; thence continuing with said right-of-way .line north 8 degrees 30.7 minutes east, 995.44 feet to an iron p~pe; thence leaving said right-of-way line and going along the line of Graham Hobson (Deed Record 144, Page 543) south 34 degrees 57.6 minutes east, 859.55 feet to a stone; thence with said Graham Hobson line north 55 degrees 05.1 minutes east, 1354.89 feet to a stone; thenoe with said Graham Hobson land south 85 degrees 19.9 minutes east, 528 feet to an iron spike in the center of the Hamburg Pike (45 Ft. R/W); =hence with the center of the Hamburg Pike south 4 degrees 03.4 minutes west 645.34 fee= to an iron spike in the line dividing said Surveys No. 20 and 33 being also the center line of the New Albany and Charlestown Pike: thence with said dividing line south 54 degrees 52.8 minutes west, 2315.58 feet to the place of beginning. The bearing used in the foregoing description reference the true meridian obtained by astronomical observation, September 15, 1965. Excepting a 1.52 acre tract conveyed to the New Albany and Eastern Railway company appearing aC Deed Record 78, Page 90. Also excepting a 1.51 acre tract conveyed to the P.C.C. an~ St. L. Railroad company appearing ac Deed Recor~ 140, Page 258. Also excepting a 0.17 acre tract reserved as a cemetery in a deed a~earing at Deed Record 115, Page 22T.