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HomeMy WebLinkAboutNo. 1825 approving an application for real property tax deduction (209 E. Colfax Ave.)RESOLUTION NO. 1825 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 ten years of real property tax abatement consideration from Indiana Land Trust 5181 for real property located at 209 E. Colfax Avenue in the East Bank portion of the South Bend Central Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the South Bend Central Development Area by Resolution No. 737, adopted May 10, 1985, and in the same resolution declared the South Bend Central Development Area, Allocation Area No. 1 A; and WHEREAS, the property located at 209 E. Colfax Avenue is located within the South Bend Central Development Area, Allocation Area No. 1 A; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Indiana Land Trust 5181 for ten years of real property tax abatement consideration for property located at 209 E. Colfax Avenue in the South Bend Central Development Area, Allocation Area No. IA, 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 The Ultimate Connection, Inc. Approved this 16th day of March, 2001 at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUT REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: PA, , " V, . Lon PARCEL I: E7IIBIT A Lot Numbered Seven (7) and the North Two- thirds of Lot Numbered CEight (8) as shown on the Original Plat of the Town of Lowell, now a part of the City of South Bend. EXCEPT any part thereof that is in the following described real estate: That part of the Northwest Quarter of Section 12, Township 37 North, Range 2 East and that part of Lots Seven (7), Eight (8), and Nine (9) in the Original Plat of the Town of Lowell, now a part of the City of South Bend as recorded in the records of St. Joseph County, Indiana, which is described as: Beginning at the point of intersection of the North line of Colfax Avenue and the West line of Sycamore Street; thence, North along said West line a distance of 10 feet; thence West (assumed bearing) along a line 10 feet North and parallel to the North line of Colfax Avenue, a distance of 100 feet; thence Northwesterly along a line 10 feet, more or less, Easterly of the Easterly Bank of the St. Joseph River a distance of 89 feet; thence West along a projected line perpendicular with the St. Joseph River a distance of 5 feet; thence Northwesterly along a parallel line 5 feet Easterly of the Easterly Bank of the St. Joseph River a distance of 40 feet, more or less; thence East along a line perpendicular with the St. Joseph River a distance of 10 feet; thence Northwesterly along a parallel line 15 feet more or less Easterly of the Easterly Bank of the St. Joseph River a distance of 11 feet, more or less; thence West 10 feet along a line perpendicular to the St. Joseph River; thence Northwesterly to a point on the North lot line of Lot Seven (7), a distance of 10 feet, more or less, East of the Easterly Bank of the St. Joseph River; thence West (assumed bearing) along said North lot line a distance of 10 feet, more or less, to the Easterly Bank of the St. Joseph River; thence Southeasterly along said Easterly Bank to the projected North line of Colfax Avenue; thence East along said North line and its projection back to the point of beginning. PARCEL II: Lot Numbered Nine (9) and the South One -third (1/3) part (being Twenty -two (22) feet in width, North and South, off of the entire length of the South side) of Lot Numbered Eight (8), all as shown on the Original Plat of the Town of Lowell, now a part of the City of South Bend. EXCEPT any part thereof that is in the following described real estate: That part of the Northwest Quarter of Section 12, Township 37 North, Range 2 East and that part of Lots Seven (7) , Eight (8) , and Nine (9) in the Original Plat of the Town of Lowell, now a part of the City of South Bend as recorded in the records of St. Joseph County, Indiana, which is described as: Beginning at the point of intersection of the North line of Colfax Avenue and the West line of Sycamore Street; thence, North along said West line a distance of 10 feet; thence West (assumed bearing) along a line 10 feet North and parallel to the Continued on next page EXHIBIT A CONTINUED North line of Colfax Avenue, a distance of 100 feet; thence Northwesterly along a line 10 feet, more or less, Easterly of the Easterly Bank of the St. Joseph River a distance of 89 feet; thence West along a projected line perpendicular with the St. Joseph River a distance of 5 feet; thence Northwesterly along a parallel line 5 feet Easterly of the Easterly Bank of the St. Joseph River a distance of 40 feet, more or less; thence East along a line perpendicular with the St. Joseph River a distance of 10 feet; thence Northwesterly along a parallel line 15 feet more or less Easterly of the Easterly Bank of the St. Joseph River a distance of 11 feet, more or less; thence West 10 feet along a line perpendicular to the St. Joseph River; thence Northwesterly to a point on the North lot line of Lot Seven (7), a distance of 10 feet, more or less, East of the Easterly Bank of the St. Joseph River; thence West (assumed bearing) along said North lot line a distance of 10 feet, more or less, to the Easterly Bank of the St. Joseph River; thence Southeasterly along said Easterly Bank to the projected North line of Colfax Avenue; thence East along said North line and its projection back to the point of beginning.