HomeMy WebLinkAboutNo. 1607 approving an application for real property tax deduction (SGW Realty, LLC, Lots 10 & 11 of the H.G. Baus Industrial Centre)Ll
RESOLUTION NO. 1607
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 SGW Realty, LLC for real property located at Lots 10
and 11 of the H.G. Baus Industrial Centre 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
WHEREAS, the property located at Lots 10 and 11 of the H.G. Baus Industrial Centre 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 SGW Realty, LLC for ten years of real
property tax abatement consideration for property located at Lots 10 and 11 of the H.G. Baus
Industrial Centre in the Airport Economic Development Allocation Area, Allocation Area No. 1, 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 SGW Realty,
LLC.
Approved this 5th day of June 1998 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
ATTEST:
Eugenia S. Schwartz, Secretary
vb:Res 1607
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
01 r f
EXHIBIT A - LEGAL DESCRIPTION OF REAL PROPERTY
A part of the Southeast Quarter (SE 1/4) of Section 20 and part of the Southwest Quarter (SW 1/4) of Section 21,
Township 38 North, Range 2 East, situate in German Township, St. Joseph County, State of Indiana, and
being more particularly described as follows:
Lots numbered ten (10) and eleven (11) as shown on the recorded plat of H.G. Baus Centre - Phase One,
recorded March 16, 1995 as document Number 9507104 in the Office of the Recorder of St. Joseph
County, Indiana.