HomeMy WebLinkAboutNo. 1188 approving an application for personal property tax deduction (American Tool & Die, Inc., 3515 Boland Dr.)RESOLUTION NO. 1188
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I. C. 6 -1.1- 12.1 -20) 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 five years of
personal property tax abatement consideration from American Tool & Die, Inc., for personal
property located at 3515 Boland 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 3515 Boland 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 American Tool & Die, Inc., for five
years of personal property tax abatement consideration for property located at 3515 Boland 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 personal property tax abatement for
American Tool & Die, Inc.
Approved this 20th day of August, 1993, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
L 1j, V. 'L�
Paula N. Auburn, President
ATTEST:
Theo F. Sharp, Secretary
ML:Res1188
CITY OF SOUTH BEND PETITION FOR
TANGIBLE PERSONAL PROPERTY TAX ABATEMENT CONSIDERATION
EXHIBIT "A"
A part of the Northeast Quarter of Section 28, Township 38
North, Range 2 East, St. Joseph County, Indiana, described as
follows:
Commencing at the southeast corner of said quarter
section; thence South 89 degrees 58 minutes 56 seconds West
1200.00 feet; thence North 0 degrees 00 minutes 23 seconds
East 120 feet to the point of beginning of this description:
thence South 89 degrees 58 minutes 56 seconds West 329.55
feet along the north line of Boland Drive; thence North 89
degrees 58 minutes 56 seconds West 375.00 feet along the West
line of Kenmore Street; thence South 44 degrees 59 minutes 40
seconds West 14.15 feet to the point of beginning, containing
3.000 acres, more or less.
The bearing of the south line of the Southeast Quarter
of Section 28 is assumed North 90 degrees 00 minutes 00
seconds West.