HomeMy WebLinkAboutNo. 1703 approving an application for personal property tax deduction (Haldex Garphyttan Corporation, 4404 Nimtz Pkwy.)RESOLUTION NO. 1703
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 Haldex Garphyttan Corporation for personal
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
Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport
Economic Development Allocation Area, Allocation Area No. 1; and
Ic 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 Haldex Garphyttan Corporation for five
years of personal 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 personal property tax abatement for Haldex
Garphyttan Corporation.
Approved this 16th day of July 1999 at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT CONIMISSION
ATTEST:
Eugenia S. Schwartz, Secretary er
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Robert W. Hunt, President
EXHIBIT 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 cornor 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 01 °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. Joseph
County, Indiana, described as follows: Beginning at the Northeast cornor of said Quarter Section,
thence South 00 °52'00" East 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 65033'4411 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.