HomeMy WebLinkAboutNo. 2068 approving an application for personal property tax deduction (Mack Tool & Engineering, Inc., 2820 Viridian Dr.)06
RESOLUTION NO. 2068
% 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 Mack Tool & Engineering, Inc. for personal
property located at 2820 Viridian Dr. 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 2820 Viridian Dr. is located within the Airport
Economic Development Area, Allocation Area No. 1;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
ILI Commission as follows:
1) The Commission finds that the application from Mack Tool & Engineering, Inc. for
five years of personal property tax abatement consideration for property located at 2820 Viridian
Dr. in the Airport Economic Development 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 Mack
Tool & Engineering, Inc.
Approved this 2nd day of July 2004 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
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H:\WPDATA \TAX ABATEMENT\2004 \MACK TOOL PP \RES 2068.DOC
Exhibit "A"
A part of the Southeast Quarter of Section 28, Township 38 North, Range
2 East, of the Second Principal Meridian, City of South Bend, St. Joseph County,
Indiana and described as follows:
Commencing at the Northeast corner of the Southeast Quarter of said Section 28,
said point being at the intersection of Bendix and Boland Drives; thence South
89 °58'56" West (bearing assume) along the Southerly right -of -way line of
Boland Drive 1242.51 feet to the Point of Beginning; thence South 00 °21'33"
West, 293.00 feet; thence South 89 °58'56" West, 260.00 feet; thence North
00 °21'33" East, 293.00 feet; thence North 89 °58'56" East, 260.00 feet to the
Point of Beginning and containing 1.75 acres, more or less; and is subject to all
easements, restrictions and/or covenants of record.