HomeMy WebLinkAboutNo. 1061 approving an application for real property tax deduction (Spin-Cast Plastics, Inc., 3300 N. Kenmore St.)RESOLUTION NO. 1061
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(j) 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 ten years of real property tax abatement consideration
from Spin -Cast Plastics, Inc. for real property located at
3300 N. Kenmore 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 Allocation Area, Allocation Area No. 1; and
WHEREAS, the property located at 3300 N. Kenmore Street 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 Spin -Cast
Plastics, Inc. for ten years of real property tax abatement
consideration for property located at 3300 N. Kenmore Street 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 Commissions approval of the
petition for real property tax abatement for Spin -Cast Plastics,
Inc..
Approved this 22nd day of May 1992, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
ATTEST:
Michael Donoho, Secretary
Res1061
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President
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LEGAL DESCRIPTION:
A TRACT of land in part of the Northeast Quarter of Section 28,
Township 38 North, Range 2 East, City of South Bend,r' St. Joseph
County, Indiana, described as follows:
COMMENCING at the Northeast corner of Section 28; thence South
89 °48'05" West, 966.00 feet along the North line of said Section
28; thence South 00000'23" West, 40.00 feet to the South boundary
of Cleveland Road; thence South 89 048'05" West, 289.00 feet along
said South boundary; thence South 44 054'14" West, 14.17 feet to
the East boundary of Kenmore Street; thence South 00 000'23" West,
146.76 feet along said East boundary; thence along said East
boundary, Southeasterly 294.37 feet along an arc to the left,
having a radius of 1869.86 feet, subtended by a long chord,
having a bearing of South 04030'13" East, and a length of 294.07
feet to the Point of Beginning of this description; thence North
89 048'05" East, 581.88 feet; thence South 00 °00'23" West, 472.86
feet; thence South 89058'56" West, 498.99 feet to said East
boundary of Kenmore Street; thence North 09 059'37" West, 445.88
feet along said East boundary, thence Northwesterly 31.98 feet
along an arc to the right, having a radius of 1869.86 feet, and
subtended by a long chord, having a bearing of North 09 030'15"
West, and a length of 31.98 feet to the Place of Beginning, and
containing 5.855 acres, more or less, and is subject to all
easements, restrictions and or covenants of record.
PREPARED FOR INDUSTRIAL FOUNDATION, INC.
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Valley Engineering Consultants, Inc. POTS 5 -3 AND 5 -4 COMBINED
52303 Emmons Road Suite 8 AIRPORT INDUSTRIAL PARK
South Send, Indiana 46637 PHASE FOUR
Phone 219/277-9075 CITY OF ' SOUTH BEND
ST. JOSEPH COUNTY
Professional Engineers a Land Surveyors INDIANA
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