HomeMy WebLinkAboutNo. 2588 approving an application for real property tax deduction (Lot 2 in the Portage Prairie Development Area)0 RESOLUTION NO. 2588
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6- 1.1- 12.1 -2(1) provides that an application for property tax deduction may
not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39,
unless the Redevelopment Commission which designated that allocation area adopts a resolution
approving that application; and
WHEREAS, the South Bend Common Council has received a petition for up to nine (9) years
of real property tax abatement consideration from Waggoner Farm Development, L.P. /Ontario
Partners, L.P., for real property currently known as Lot 2 located in the Portage Prairie Development
Area which in turn is located within the Airport Economic Development Area, the legal description
of which is attached hereto marked Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the Airport Economic Development Area by
Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport
Economic Development Allocation Area, Allocation Area No. 1; and
WHEREAS, the property currently known as Lot 2 located in the Portage Prairie
Development Area is located within the Airport Economic Development Allocation Area, Allocation
Area No. 1.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from Waggoner Farm Development,
L.P. /Ontario Partners, L.P. for up to nine (9) years of real property tax abatement consideration for
property currently known as Lot 2 located in the Portage Prairie Development Area which in turn is
located in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be
and is hereby approved.
2) That a copy of this resolution be forwarded to the South Bend Common Council to
indicate the Commission's approval of the petition for real property tax abatement for Waggoner
Farm Development, L.P. /Ontario Partners, L.P.
Approved this 5t' day of June, 2009, at the regular meeting of the South Bend Redevelopment
Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, 6slident
ATTEST:
�L
Nancy N. King, ecretary
EXHIBIT A
LEGAL DESCRIPTION
Description: A PART OF THE NORTHWEST QUARTER OF SECTION 17 AND THE
NORTHEAST QUARTER OF SECTION 18, TOWNSHIP 38 NORTH, RANGE 2 EAST,
GERMAN TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTHWEST CORNER OF THE NORTHWEST QUARTER OF
SECTION 17, SAID CORNER BEING MARKED BY A HARRISON TYPE MONUMENT;
THENCE SOUTH 00 DEGREES 12 MINUTES 46 SECONDS EAST, A DISTANCE OF
910.31 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89 DEGREES 44
MINUTES 25 SECONDS EAST, A DISTANCED OF 385.46 FEET TO THE WEST RIGHT -
OF -WAY LINE OF DYLAN DRIVE AS RECORDED UNDER INSTRUMENT NUMBER
0647966 IN THE OFFICE OF RECORDER OF SAID COUNTY; THENCE SOUTH 00
DEGREES 15 MINUTES 35 SECONDS EAST ALONG SAID WEST RIGHT -OF -WAY
LINE, A DISTANCE OF 919.19 FEET TO THE NORTH LINE OF PORTAGE PRAIRIE
MINOR #2 AS RECORDED UNDER INSTRUMENT 0814357 NUMBER; THENCE NORTH
89 DEGREES 44 MINUTES 25 SECONDS EAST ALONG SAID NORTH LINE, A
DISTANCE OF 386.22 FEET TO THE EAST LINE OF THE NORTHEAST QUARTER OF
SAID SECTION 18; THENCE NORTH 89 DEGREES 44 MINUTES 25 SECONDS EAST
ALONG SAID NORTH LINE OF PORTAGE PRAIRIE MINOR #2, A DISTANCE OF 166.28
FEET; THENCE NORTH 00 DEGREES 15 MINUTES 35 SECONDS EAST AND PARALLEL
TO SAID WEST RIGHT -OF -WAY LINE OF DYLAN DRIVE, A DISTANCE OF 919.19
FEET; THENCE NORTH 89 DEGREES 44 MINUTES 25 SECONDS EAST, A DISTANCE
OF 167.04 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED PARCEL
CONTAINING 11.659 ACRES, MORE OR LESS.
SUBJECT TO EASEMENTS, RIGHT -OF -WAY, COVENANTS AND RESTRICTIONS OF
RECORD.
Tax Key No.: Not available.
Address: Not available. Currently known as Lot 2 in the Portage Prairie Development Area.