HomeMy WebLinkAboutNo. 1367 approving an application for real property tax deduction (Midwest Land Company, 5021 Nimtz Pkwy.)RESOLUTION NO. 1367
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 the South Bend Redevelopment Commission
for the benefit of Midwest Land Company for real property located at 5021 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
WHEREAS, the property located at 5021 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 the South Bend Redevelopment
Commission for the benefit of Midwest Land Company for ten years of real property tax
abatement consideration for property located at 5021 Nimtz Parkway 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 the
South Bend Redevelopment Commission for the benefit of Midwest Land Company.
Approved this 21st day of July 1995, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Philip J. Facce , Pre 'dent
ATTEST•
Robert W. Hunt, Secretary
ML:Res1367
EMBIT A
PROPERTY
Part of the Southeast Quarter (SEA) of Section 20, Township 38
North, Range 2 East, situate in German Township, St. Joseph County,
State of Indiana, and being more particularly described as follows:
Commencing at a one inch iron pipe with a cap stamped "M &B 13"
marking the Northwest corner of the Southeast Quarter (SE4) of said
Section 20; thence South 00 degrees 19 minutes 53 seconds East
along the West line of the Southeast Quarter (SETA) of said Section
20 a distance of 427.00 feet to a drill hole set in concrete, said
point being the Southwest corner of land conveyed to the State of
Indiana in Deed Record 538, Page 72; thence continuing South 00
degrees 19 minutes 53 seconds East along the West line of the
Southeast Quarter (SE14) of said Section 20 a distance of 44.25 feet
to a drill hole set in concrete on the North right -of -way line of
the F. Jay Nimtz Parkway; thence North 89 degrees 40 minutes 07
seconds East along the North right -of -way line of said F. Jay Nimtz
Parkway (80 foot right -of -way) a distance of 786.63 feet to the
place of beginning of this description; thence continuing North 89
degrees 40 minutes 07 ,' seconds East ;' along . the. North right -of -way
line of, said F. Jay Nimtz Parkway (80 foot right -of- -way) a distance
of 477.78 feet to a one inch pipe with a cap stamped "M &B 13"
marking the point of curvature of a tangent curve to the right
having a radius of 1640.00 feet and a central angle of 21 degrees
47 minutes 52 seconds; thence Eastwardly and Southeastwardly along
the North right -of -way line of said F. Jay Nimtz Parkway and along
said curve a distance of 623.93 feet; thence North 00 Degrees 19
minutes 53 seconds West parallel with the East line of land
conveyed to the Board of Aviation Commissioners of St. Joseph
County, Indiana in Deed Record 246, Page 274 a distance of 540.72
feet; thence North 89 degrees 47 minutes 15 seconds West parallel
with the North line of the Southeast Quarter (SE14) of said Section
20 and the North line of said Commissioners Land a distance of
1082.81 feet; thence South 00 degrees 11 minutes 51 seconds West
parallel with the East line of land conveyed to the State of
Indiana in Deed Record 538, Page 72 a distance of 433.76 feet to
the place of beginning of this description.
Subject to easements of Record.
Containing 11.212 acres of land.
LOT1