HomeMy WebLinkAboutNo. 1686 approving an application for personal property tax deduction (Exacto, Inc., 1137 S. Lafayette Blvd.)RESOLUTION NO. 1686
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 Exacto, Inc. of South Bend for personal
property located at 1137 S. Lafayette Blvd. 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 1137 S. Lafayette Blvd. 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 Exacto, Inc. of South Bend for five
years of personal property tax abatement consideration for property located at 1137 S. Lafayette
Blvd. in the Sample -Ewing Development Area, Allocation Area No. 8, 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 Exacto,
Inc. of South Bend.
Approved this 25th day of June 1999 at the rescheduled regular meeting of the South Bend
Redevelopment Commission.
SOUIRIMND REDEVELOPMENT COMMISSION
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Robert W. Hunt, President
ATTEST:
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"EXHIBIT A"
BEGINNING AT THE SW CORNER OF LOT 7, STULL'S SECOND EDITION;
THENCE, N ALONG THE E RIGHT -OF -WAY OF AN ALLEY A DISTANCE OF
336.06 FEET + OR - TO A POINT; SAID POINT BEING THE NW
CORNER OF THE S 1/2 OF LOT 64, SOUTH BEND CITY EDITION;
THENCE, E ALONG THE NORTHERN BOUNDARY OF SAID 1/2 OF LOT 64
WHICH IS ON THE WESTERN RIGHT -OF -WAY OF LAFAYETTE BLVD.;
THENCE, S A DISTANCE OF 275 FEET + OR - TO THE SE CORNER OF
LOT 6, STULL'S SECOND EDITION; THENCE, W A DISTANCE OF 125
FEET TO A POINT; THENCE, S 66 FEET TO A POINT; THENCE, W 40
FEET TO A POINT OF BEGINNING. ALL BEING WITHIN THE CITY OF
SOUTH BEND, COUNTY OF ST. JOSEPH, STATE OF INDIANA.
THE KEY NUMBERS OF THE SAID PROPERTY ARE 18 8006 0288,
18 8002 0115, 18 8006 0282, 18 8006 028201, 18 8006 0285,
18 8006 028501, 18 8002 0116.
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