HomeMy WebLinkAboutNo. 1321 approving an application for personal property tax deduction (General Machine & Saw Company of Indiana, 3636 Gagnon St.)RESOLUTION NO. 1321
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I. C. 6 -1.1- 12.1 -20) provides that an application for personal 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 General Machine & Saw Company of
Indiana for personal property located at 3636 Gagnon Street 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 Area, Allocation Area No. 1; and
WHEREAS, the property located at 3636 Gagnon Street is located within the Airport
Economic Development 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 General Machine & Saw Company
of Indiana, for five years of personal property tax abatement consideration for property located
at 3636 Gagnon Street in the Airport Economic Development 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 personal property tax abatement for
General Machine & Saw Company of Indiana.
Approved this 17th day of February, 1995, at the regularly scheduled meeting of the
South Bend Redevelopment Commission.
ATTEST-
W. Hunt, Secretary
ML:res1321
SOUTH BEND REDEVELOPMENT COMMISSION
Philip J. Facc,,J,'- i d,
EXHIBIT A
LEGAL DESCRIPTION
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, Indiana and described as
follows:
Commencing at the southeast corner of the northeast quarter of
said section 28 said point being at the intersection of the
centerlines of Boland and Bendix Drives, thence south 89.58156"
west (bearing assumed) along the south line of the northeast
quarter of said section 28 (being along the centerline of Boland
Drive) 1150.09 feet to a point at the intersection of Boland
Drive with centerline of Kenmore Street; thence north 00.00123"
east along the said centerline of Kenmore Street, 579.86 feet;
thence north 89.59137" west, 640.00 feet to the point of the
beginning; thence south 89.59156" west, 424.01 feet; thence north
00.02145" east, 784.81 feet; thence south 89.59137" east, 423.47
feet; thence south 00.00123" west, 784.63 feet to the point of
the beginning and containing 7.634 acres more or less and is
subject to easements, restrictions and or covenants of record.
A part of the northeast quarter of section 28, township 38 north,
range 2 east, City of South Bend, Indiana and described as
follows:
Commencing at the southeast corner of the northeast quarter of
said section 28 said point being at the intersection of the
centerline of Boland and Bendix Drives, thence south 89.58156"
west (bearing assumed) along the south line of the northeast
quarter of said section 28 (being along the centerline of Boland
Drive) 1150.09 feet to a point at the intersection of Boland
Drive with Centerline of Kenmore Street; thence north 00.00123"
east along the said centerline of Kenmore Street, 579.86 feet;
thence north 89.59137" west 640 feet; thence south 89.58156" west
424.01 feet to the point of beginning; thence continuing south
89.58156" west, 100.00 feet; thence north 00.02145" east, 784.85
feet; thence south 89.59137" east, 100.00 thence north 00.02145"
east, 784.85 feet thence south 89.59137" east, 100.00 thence
south 00102145" west, 784.81 feet to the point of beginning and
containing 1.802 acres more or less and is subject to
restrictions and or covenants of record.