HomeMy WebLinkAboutNo. 1346 approving an application for real property tax deduction (Absorbtech, LLC, 3900 William Richardson Dr.)RESOLUTION NO. 1346
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 six years of
real property tax abatement consideration from Absorbtech, L.L.C. for real property located
at 3900 William Richardson Drive 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 3900 William Richardson Drive 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 Absorbtech, L.L.C. for six years
of real property tax abatement consideration for property located at 3900 William Richardson
Drive 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
Absorbtech, L. L. C.
Approved this 19th day of May 1995, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
ATTEST:
Z%
Robert W. Hunt, Secretary
ML:Res1346
SOUTH BEND REDEVELOPMENT COMMISSION
Philip J. Fac da, tesihent
1.3 0
The "Premises" subject to this Agreement shall be that portion of the land legally described
below which lies south of the William Richardson Drive (extended) right -of -way.
20 acres of land off the East end of the South half of the Northwest Quarter of Section 21,
Township 38 North, Range 2 East excepting therefrom the following: A part of the South
Half of the Northwest Quarter of Section 21, Township 38 North, Range 2 East, St. Joseph
County, Indiana, described as follows: Beginning on the South line of said quarter Section,
South 88° 57' 48" West 160.62 feet from the Southwest corner of said Quarter Section;
thence South 880 57' 48" West 501.97 feet along said South line to the Southwest corner of
the owner's land; thence North 0° 52' 00" West 221.16 feet along the West line of the
owner's land; thence Southeasterly 548.23 feet along an arc to the right having a radius of
4,718.66 feet and subtended by a long chord having a bearing of South 67° 13' 54" East and
a length of 547.92 feet to the point of beginning.