HomeMy WebLinkAboutNo. 1992 approving an application for real property tax deduction (Imagineering Properties, LLC, 4521 Nimtz Parkway)(AEDA)RESOLUTION NO. 1992
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(l) 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 Imagineering Properties, LLC for real property located at 4521 Nimtz
Parkway 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 4521 Nimtz Parkway 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 Imagineering Properties, LLC for ten years of
real property tax abatement consideration for property located at 4521 Nimtz Parkway 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 Imagineering Properties, LLC.
Approved this 22 °d day of August 2003 at the rescheduled regular meeting of the South Bend
Redevelopment Commission.
ATTEST:
Philip J. c da, Secretary
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
Exhibit A
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`TAIL DEED TO: MAIL TAX BILLS TO: UDITOR'S RECORD
Transfer Nu.
�r •
Jr�f'v ,Q�7D� yN Taxing Unit
V6tp1'� Date
WARRANTY DEED
THIS INDENTURE WITNESSETH THAT, ENTER. NATIONAL INDUSTRIAL CENTA .E,INC.,an Indiana corporation.
the Grantor.
CONVEYS AND WARR•kNTS TO: INLAGLNEERLNG PROPERTIES, LLC. an Indiana Limited Liability Compaw.. the
grantee.
for and in consideration of Ten Dollars ($10.00) and other valuable consideration, the receipt of which is hereb._
acknowledged. real estate in St. Joseph County, the State of Indiana. described as follows:
PART OF THE SCUTHWEST QUARTER (SW 1 /4) OF SECTION 21, TOWNSHIP 38 NCRTH, RANGE
EEA T " IT Ai IN GERMAN TOWNSHIP, 7. ' PH COUNTY, TATE CF!NCIA.NA. AND BEING
2_ S, � U E c S �GSE CCU , S
MORE PARTICULARLY DESCRIBED AS FOLLCWS:
COMMENCING AT AN IRCN PIPE MARKING THE NORTHWEST CORNER CF -HE SCUTH'vVES
QUARTER (SW 1/4) OF SAID SECTION 21: THENCE SOUTH 00023'18" EAST ALONG ?HE WEST:
OF SAID QUARTER SECTION A DISTANCE OF 973.15 FEET TO A POINT ON THE NCRTH RICHT-
CF -WAY LINE OF F.J. NIMTZ PARKWAY (DOCUMENT #94- 45142): THENCE SOUTH 5C °CC'C7'
EAST ALONG THE NORTH LINE OF SAID NIMTZ PARKWAY A DISTANCE OF 352.47 FEET TO a.`.
!RON PIPE MARKING THE PLACE OF BEGINNING OF THIS DESCRIPTION SA;D POINT BEING TH:
SCUTHEAST ERN MCST CORNER OF H.G. BADS CENTRE PHASE I, SAID PLAT 5E'NG RECCREE2
IN DOCUMENT NO. 95- 07104. OFFICE OF THE RECCRCER, ST. JOSEPH COUNTY: T, ^E` +CE
NCRTH 29 059'53" EAST ALC,NG THE SOUTHEASTERLY LINE OF SAiD'BAUS CENTRE A iSTA: ICE
C-F 18110 --ET TC A POINT CF : URVATURE: THENCE NCR "-EASERLY ALC`:G
UNEOFSAID BAUS CENTRE aND .ALONG A TANGENTCUR`iETo THE R!GHT SAVING A. RAC'!._'
` F 170,C0 F=";-:-' ANC:-\N ARC LENGTH OF 1 17.97 FEET (TANGENT =6 i . 47, -_C.R^ 3E4 <sNG, %
CIS T ANCE =NCRT" 49'52�.fS' EA Z - 5.5� .'DE' TA= 39'15.1, ., �C " E _ — �;'C _C? °+E
SAD B%+:. S CE—KiTRE.'..ENCE AL'CNG A. C::RVC TO 4:E R!G T "A P, -I ? - ..-
=..28. EE AN:C EN,G-,. ^F x8.38
A _iS 4N,CE EAS -1 b1. CE =12" o'
EC.J
DC,c"% "EN4_ •,,c. ?» -z-;c= �:'r
�uhlec: ;n the real estate taxes for _000 pa\ahle in `_001. all ;ubseyuent ,a.�cs. easements. a,scs:ments and re;tr:.::,,n t
This deed s 2i\ en subject to conditions ;ubseyuent stated in paragraph 3 of an .Agreement for Purchase and Saie it Real
E_tate ben%een the Grantor and Imaaineerine. Inc.. dated November '.>. 2000. which include a right or re\ersw
'n if the
conditions :ubseauent are not satisfied.