HomeMy WebLinkAboutNo. 1377 approving an application for personal property tax deduction (Interplastic Corp., Molding Products Division, 1545 S. Olive St.)RESOLUTION NO. 1377
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I. C. 6-1.1-12.1-2(l) 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 Interplastic Corporation, Molding Products
Division for personal property located at 1545 South Olive Street 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 1545 South Olive Street 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 Interplastic Corporation, Molding
Products Division for five years of personal property tax abatement consideration for property
located at 1545 South Olive Street 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
Interplastic Corporation, Molding Products Division.
Approved this 20th day of October 1995, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Philip J. Fac , President
ATTEST:
Robert W. Hunt, Secretary
ML:Res1377
A � �
LEGAL DESCRIPTION
Exhibit A
A part of the Southeast Quarter of the Northwest Quarter and a part of
the Northeast Quarter of the Southwest Quarter all in Section 15,
Township 37 North, Range 2 East, City of South Bend, St. Joseph
County, Indiana more particularly described as follows: Commencing at
the center of said Section 15, thence South along the North -South
f centerline of said Section 15, 85.69 feet; thence South 89 °52'00" West,
30.00 feet to the West line of Olive Street, said point being the true
place of beginning; thence continuing South 89 °52'00" West, 370.00
feet; thence North 00 °00'00" East, 77.56 feet to a point which is 25 feet
Southeasterly, by radial measurement from the centerline of the New
Jersey, Indiana & Illinois Railroad Company's "Studebaker Spur" and
known also as ICC Tract No. 77; thence Northeasterly on a curve to the
left having a radius of 844.02 feet and parallel to and 25 feet
Southeasterly by radial measurement from the centerline of said track,
through a central angle of 17 °21'00 ", a chord distance of 254.61 feet
which bears North 64 °20'57" East, an arc distance of 255.58 feet to the
point of said curve; thence North 56045'48" East, parallel and 25 feet
South of the centerline of said ICC Track No. 77, 41.66 feet; thence
3 North 89 °52'00" East, 105.64 feet to a point on the West line of Olive
Street; thence South 00 °00'00" West along said West line, 210.00 feet
to the place of beginning.