HomeMy WebLinkAboutNo. 1297 approving an application for real property tax deduction (Eaton Corp., 2930 Foundation Dr.)r'
RESOLUTION NO. 1297
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 ten years of real
property tax abatement consideration from Eaton Corporation, for real property located at 2930
Foundation 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 2930 Foundation 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 Eaton Corporation, for ten years of
real property tax abatement consideration for property located at 2930 Foundation 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 Eaton
Corporation.
Approved this 18th day of November, 1994, at the regularly scheduled meeting of the
South Bend Redevelopment Commission.
ATTEST:
� In. - WA-174 FAIAMPF
ML:res1297
SOUTH BEND REDEVELOPMENT CONIlMSION
Paula N. Auburn, President
BEHIBIT A
PARCEL I: A description of 8.2895 acres of land in the North Half of Section
28, Township 38 North, Range 2 East, St. Joseph County, Indiana, said 8.2895 acre
tract being part of a certain 12.00 acre tract described in Deed Book 593, page 47
of the deed records of said St. Joseph County, said 8.2895 acre tract being more
particularly described as follows: Commencing at a PK nail with disc set at the
North Quarter corner of said Section 28; thence along the Northerly line of said
North Half of Section 28, being also the North line of said 12.00 acre tract, North
89 58154" West a distance of 165.00 feet to a PK nail set for the Northwest corner
of said 12.00 acre tract; thence along the Westerly line of said 12.00 acre tract,
South 00 14'02" West a distance of 785.23 feet to an iron bar set at the point of
beginning of the 8.2895 acre tract herein described; thence continuing along the
said Westerly line, South 00 °14'02" West a distance of 973.35 feet to a 1 1/4" iron
pipe found for the Southwest corner of said 12.00 acre tract being also the
Southwest corner of the said 8.2895 tract herein described; thence along the
Southerly line of said 12.00 acre tract, South 89 °53'27" East a distance of 371.17
feet to a 3/4" iron pipe found at the Southeast corner of said 12.00 acre tract,
being also the Southeast corner of the 8.2895 acre tract herein described; thence
along the Easterly line of said 12.00 acre tract, North 00 °12'22" East a distance of
973.60 feet to a 1" iron pipe found at a corner of said 12.00 acre tract, being also
the Southeast corner of a certain tract of land described in recorded Document No.
6462; thence along a line of said 12.00 acre tract, being also the Southerly line
said recorded Document No. 9016462, North 89 °55'50" West a distance of 370.70
feet to the point of beginning.
PARCEL II: A description of a portion of the North Half of Section 28, Township 38
North, Range 2-East, St. Joseph County, Indiana, said portion being more
particularly described as follows: Commencing at the North Quarter corner of said
Section 28, being a PK nall and disc marked "S0307 "; thence along the North line of
said Section 28, North 89 58154" West, a distance of 165.00 feet to a PK nail and
disc set marked "S0307 "; thence along the Westerly line of a certain 12.00 acre
tract of land described in Deed Book 593, page 47 on File and of record in the
Office of the Recorder of St. Joseph County, Indiana, South 00 °14'02" West, a
distance of 1758.58 feet to a 1 1/4" iron pipe found for the Southwest corner of
said 12.00 acre tract of land and the point of beginning of said portion herein
describeg; thence continuing along the Southerly extension of said Westerly line,
South 00 14102" West, a distance of 20.64 feet to an iron bar set, marked "S0307 ",
in the northerly Right of Way line of proposed foundation drive extension as shown
on the plat of Airport Industrial Park, Phase III and IV and recorded as Document
No. 7806496; thence along said Northerly right of way line, North 89 °44'58" East a
distance of 35.92 feet to a 1/2" iron bar found for the Northwesterly corner of a
certain tract of land described in recorded Document No. 8822679; thence along the
Northerly line of said tract of land described in recorded Document No. 8822679,
.rth 89 57'43 East a distance of 335.26 feet to an iron bar set; thence along the
fr therly extension of the Easterly line of said 12,00 acre tract of land, North
00 12122" East, a distance of 19.56 feet to a 3/4" iron pipe found at the Southeast
corner of said 12.00 acre tract of land; thence along the Southerly line of said
12.00 acre tract of land, being also the Northerly line of said Portion herein
described, North 89 °53'27" West, 371.17 feet to the point of beginning.