HomeMy WebLinkAboutNo. 1103 approving an application for personal property tax deduction (Eaton Corporation, 2930 Foundation Dr.)RESOLUTION NO. 1103
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(j) 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 Eaton Corporation, for personal 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 five years of personal 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 personal property tax abatement for Eaton Corporation.
Approved this 2nd day of October, 1992, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President
ATTEST:
Michael Donoho, Secretary
Res1103
EXHIBIT A
The following described real estate in St. Joseph County, State of
Indiana, to wit:
Part of the North Half of Section 28, Township 38 North,
Range 2 East, Second Principal Meridian, City of South
Bend, St. Joseph County, Indiana, more particularly
described as follows: Commencing at the East Quarter
corner of said Section 28; thence South 89 58'45" West
along the South line of the Northeast Quarter of said
Section 28, 2314.41 feet; thence North 0 00'47" East 120.00
feet to the North boundary of Boland Drive, also being
the point of beginning; thence North 89 58'56" West along
said North boundary 447.83 feet; thence North 45 00'09"
West 14.14 feet to the East boundary of Foundation Drive;
thence North 0000'47" East along said East boundary
747.96 feet; thence North 89 44'25" East 458.26 feet;
thence South 0 02'41" West 759.90 feet to the point of
beginning, containing 7.979 acres more of less.