HomeMy WebLinkAboutNo. 1787 approving an application for personal property tax deduction (Kokoko Wire Industries Corp., 1217 S. Walnut St.)RESOLUTION NO. 1787
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 Kokoko Wire Industries Corp. for personal
property located at 1217 South Walnut St. 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 Development Area 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 1217 South Walnut St. 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 Kokoko Wire Industries Corp. for five
years of personal property tax abatement consideration for property located at 1217 South Walnut
St. 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 personal property tax abatement for Kokoko
Wire Industries Corp.
Approved this 04th day of August 2000 at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
Philip J. Fa e d , Secretary
DP:Res 1787
EXHIBIT A
PETITION FOR PERSONAL PROPERTY TAX ABATEMENT
Legal Description for Kokoku Wire Industries Corporation
A tract of land in the City of South Bend, County of St. Joseph, and State of Indiana, situated in the
Northwest Quarter (1/4) of Section Fourteen (14) and the Northeast Quarter (1/4) of Section Fifteen
(15), Township Thirty-Seven (3 7) North, Range Two (2) East, bounded by the following described
line:
Beginning at a point in the West line of Walnut street, 1239.70 feet South of the South line of
Sample Street, which point is 587.85 feet South of the South line of the Sanders and Egbert Tract,
as conveyed by deeds recorded in Deed Record 118, page 428, and Deed Record 121, page 320;
thence on an assumed bearing of South 00 degrees 00 minutes 49 seconds East along said West line
of Walnut Street 479.91 feet; thence South 89 degrees 54 minutes 12 seconds West, 725.03 feet;
thence South 61 degrees 54 minutes 12 seconds West, 42.91 feet; thence South 89 degrees 23
minutes 32 seconds West, 437.13 feet; thence North 00 degrees 00 minutes 49 seconds West parallel
with said West line of Walnut street, 504.26 feet; thence North 89 degrees 55 minutes 05 seconds
East, 1200 feet to the place of beginning.
Subject to legal highways.
Subject to any and all easements, restrictions or rights of way of record.
Subject to any and all current; non - delinquent real estate taxes.
Subject to a Party Wall Agreement dated June 14, 1974, by and between Aldason Corporation, an
Indiana corporation and American Chain & Cable Company, Inc., a New York corporation, recorded
June 17, 1974 in the Office of the Recorder of St. Joseph County, Indiana, in Miscellaneous Record
285, pages 77 -80.
Subject to a Permanent Easement Agreement dated June 14, 1974, by and between Aldason
Corporation, an Indiana corporation and American Chain & Cable Company, Inc., a New York
corporation, recorded June 17, 1974 in the Office of the Recorder of St. Joseph County, Indiana, in
Deed Record 787, pages 381 -388.
SBDS02 RID 204616v1