HomeMy WebLinkAboutNo. 1897 approving an application for personal property tax deduction (Ely Chemical Co., LTD, 2603 Foundation Dr.) (AEDA)RESOLUTION NO. 1897
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL 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 five years of personal
property tax abatement consideration from Ely Chemical Co., LTD. for personal property located at
2603 Foundation Drive in 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 located at 2603 Foundation Drive 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 Ely Chemical Co., LTD. for five years of
personal property tax abatement consideration for property located at 2603 Foundation Drive 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 personal property tax abatement for Ely Chemical Co., LTD.
Approved this 19' day of July 2002 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
ATTEST:
.r'Secretary
SOUTH BEND REDEVELOPMENT COMMISSION
Lam/
Robert W. Hunt, President
LEON r - SCRIPTION:
The following described premises located in the City
Of South Bend, St. Joseph County, Indiana, to wit:
A tract of land in Section 28, Township 38 North,
Range 2 East, German Township, St. Joseph County,
Indiana, described as:
Beginning at the Southeast corner of said Section 28,
thence North 89 degrees 39157" West on and along the
South line of said Section 28, said line also being tae
centerline of Lathrop Street, a distance of 1982.03
feet; thence North 90 degrees 00'00" West on and along
said South line a distance of 660.68 2'eet; thence South
89 degrees 59'3" West on and along said South line, a
distance of 661.27 feet; thence North O.de
East a distance 'of 40.00 feet to.the North linesof0f18„
Lathrop Street and the Southwest corner of Block 3 of
Airporz Industrial Park, Phase III; thence North 0
degrees 00'18" East on and along the West line of said
Block
3 a distance of 1260.19 feet to the true place
of beginning; thence continuing North 0 degrees 00'18"
East on and along said West line a distance of 290.40
feet; thence South 89 degrees 39142" East a distance
of 450.00 feet to the West line of Foundation Drive;
thence South 0 degrees 0011810 West on and along the
West line of Foundation Drive a distance of 290.40
feet to the centerline of Foundation Court extended;
thence North 89 degrees 59142 ".West a distance of
450.00 feet to the true point of beginning, such tract
:ontaining 3.00 acres.. more or less, and being Lot
1 -5 of the Airport Industrial Park, Phase III;
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