HomeMy WebLinkAboutNo. 1313 approving an application for real property tax deduction (John & Lai Lo Gould, Commonwealth Corp., 2422 Viridian Dr.)RESOLUTION NO. 1313
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I. C. 6 -1.1- 12.1 -20) provides that an application for real 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 three years
of real property tax abatement consideration from John and Lai Lo Gould (dba:
Commonwealth Corp.) for real property located at 2422 Viridian 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 Area, Allocation Area No. 1; and
WHEREAS, the property located at 2422 Viridian Drive 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 John and Lai Lo Gould (dba:
Commonwealth Corp.), for three years of real property tax abatement consideration for
property located at 2422 Viridian Drive 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 real property tax abatement for John
and Lai Lo Gould (dba: Commonwealth Corp.).
Approved this 6th day of January, 1995, at the regularly scheduled meeting of the
South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT
COMMISSION
ML:resl313
EXHIBIT "A"
LEGAL DESCRIPTION
That part of the Southeast quarter of Section 28, T. 38 N. , R. 2 E. , City
of South Bend, St. Joseph County, Indiana which Is described as: Beginning
at a Point which Is the Intersection of the West Right of Way line of
Bendix Drive and the North line ilinerivesaldcSectlon wh0ch021s0NM
W., 771.89 ft. from a Point on t he South
90' -00' -00' W. ( assumed bearing), 40. 00 ft. from an Iron In a Monument Box
marking the Southeast Corner of said Section; thence around a 40.00 ft.
Radius curve to the Right an Arc distance of 72.33 ft. to the end of a
chord which bears S. 510- 46' -11' W. and havind a distance of 62.87 ft.;
thence around a 20.00 00 f t. Radius curve to the Right an Arc distance o f
77. 97 ft. to the end of a chord which bears N. 650-47"-20,1 W. and having a
distance of 77.52 ft.; thence around a 586.97 ft. Radlus curve to the Left
an Arc distance of 357. 00 ft. to the end of a chord which bears N.
72'- 34' -35' W. and having a distance of 351. 52 ft.; thence S. 90'- 00' -00'
W.. 268.26 ft.; thence N. 00•- 22' -17' E. , 169. 87 ft.; thence N.
690 4-21 -01 E. , 771. 91 f t. ( 771. 89 f t. , Record); thence S. 00' -02' -06' E. .
i52'�N ft. ; thence S. 90' -00' -00' W.. 125. 00 ft. ; thence S. 000'-02'-060
E. , 264. 00 ft. ; thence N. goo-001-009 E. , 125. 00 ft. ; thence S.
000- 02'-06' E , 123-38 ft. to the Point of Beginning. Containing 4.92
Acres.