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HomeMy WebLinkAboutNo. 1755 approving an application for real property tax deduction (Blackthorn Nimtz Partners L.P., Haldex Garphyttan Wire, 4404 Nimtz Pkwy.)RESOLUTION NO. 1755 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 the South Bend Redevelopment Commission on behalf of Blackthorn Nimtz Partners L.P. (Haldex Garphyttan Wire) for real property located at 4404 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 Ok 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 4404 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 the South Bend Redevelopment Commission on behalf of Blackthorn Nimtz Partners L.P. (Haldex Garphyttan Wire) for ten years of real property tax abatement consideration for property located at 4404 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 the South Bend Redevelopment Commission on behalf of Blackthorn Nimtz Partners L.P. (Haldex Garphyttan Wire). Approved this 5th day of May 2000 at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: see , Marcia I. ones,, Vice President vb:Resl755 rw F.x IT A Lots 16 and 17 of the H.G. Baus Centre Industrial Park which are a part of. The Southwest Quarter (1/4) of Section 21, Township 38 North, Range 2 East, excepting therefrom the following two tracts: Tract 1: Commencing at the Northwest corner of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, thence in an Easterly direction along the North line of said Quarter Section a distance of 650.41 feet to the point of beginning, thence continuing along the said North line in an Easterly direction, on the arc of a circular curve to the right of 0° 58'28.1 ", a distance of 983.65 feet to the East line of said Quarter Section; thence in a Southerly direction along said East line a distance of 350.36 feet; thence in a Northwesterly direction on the arc of a circular curve to the left of O1° 01'36.8" a distance of 2148.26 feet to the point of beginning. Tract 2: A part of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, St. AN Joseph County, Indiana, described as follows: Beginning at the Northeast corner of said Quarter Section; thence South 00° 52'00" Fast 424.89 feet along the East line of said Quarter Section to the Northern Boundary of the Indiana East -West Toll Road; thence along said Northern boundary northwesterly 989.03 feet along an arc to the left having a radius of 5,879.58 feet and subtended by a long chord having a bearing of North 65° 33'44' West and a length of 987.87 feet to the North line of said Quarter Section; thence North 88° 57'48" East 893.08 feet along said North line to the point of beginning. LIn Subject to final Area Plan Commission Approval of final subdivision. M