HomeMy WebLinkAboutNo. 1709 approving an application for real property tax deduction (Steel Warehouse Co., Inc. c/o Lock Joint Tube, Inc., 1215 S. Walnut St.)RESOLUTION NO. 1709
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 Steel Warehouse Co. Inc. care of Lock Joint Tube, Inc.
for real property located at 1215 South Walnut Street in the Sample -Ewing Development Area, the
legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the Sample -Ewing DevelopmentArea by Resolution
No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample -Ewing
Development Area, Allocation Area No. 8; and
WHEREAS, the property located at 1215 South Walnut Street is located within the Sample -
Ewing Development Area, Allocation Area No. 8;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from Steel Warehouse Co. Inc. care of Lock
Joint Tube, Inc. for ten years of real property tax abatement consideration for property located at
1215 South Walnut Street in the Sample -Ewing Development Area, Allocation Area No. 8, 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 Steel
Warehouse Co. Inc. care of Lock Joint Tube, Inc.
Approved this 17th day of September 1999 at the regular meeting of the South Bend
Redevelopment Commission.
ATTEST:
Philip J. Fac e d , Secr ary
VB:Resl709
SO D RED DEVELOPMENT COMMISSION
Robert W. Hunt, President
LEGAL DESCRIPTION FOR PROJECT PROPERTY
tract of land, in t;z +� C its 0f :oath F3cncl, County of ;?t. JOSc;F,h, �lr:d `,� 1 to c�C Indiana,
situated in the Northwest 1/4 of Section M, and the Northeast 1/4 of `'section 15, Tovinshin
37 North, Range 2 1. yt, hounded by the following described line: beginning at a point in
the West line of V-Valnut Street, 682.75 feet south of the South line Of Sample Street,
which point 1t; 31 feet f,'outh Of thr_ Soutf, line of the Sanders anti I,oijc.rt Tract, as cur?veyed
by deeds recorded In need Record 118, Vage 428 and need record 121, Page 320; thence
on an assurni cI bearing Of South 0`0:1149" Last along said West lint: of Vvalnut StrAr:t,
556.95 feet; thence South 89055105" Wost, L200 feet; thence North Oc)00149" West parallel
with said VVest line of Walnut Street, 5(89.19 feet to a point E;51.75 feet south ci the
south line of Sample Street or the produced South line of the tract conveyed to F. C.
®l:a ?f, recordc.d in tet, -d :iecord 172 Page 611; thence South 89`�:;7110`rast along the
South line above described tract produced East, 295 feet; thence South 0000'49"
Earn paru'tlet -,with the West line of Walnut Street, 31 feet; thence North 89057116
Ea:jt, 905 feet to the plaice of beginning, containing US. 565 acres, more or less.
The foregoing legal description includes tax parcel no. 18 -8021- 084504.