HomeMy WebLinkAboutNo. 1049 approving an application for personal property tax deduction (Nimet Industries, Inc. 2424 N. Foundation Dr.)ff
RESOLUTION NO. 1049
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 Nimet Industries, Inc., for personal property located at 2424
North Foundation Drive in the Airport Economic Development Area,
the legal description of which is attached hereto, marked Exhibit
"All 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 2424 North 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 Nimet
Industries, Inc., for five years of personal property tax abatement
consideration for property located at 2424 North 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 Nimet Industries,
Inc.
Approved this 10th day of April, 1992, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
�" ti
Paula N. Auburn, President
ATTEST:
Res1049
EXHIBIT A
A parcel of land in part of the South Half of Section 28,
Township 38 North, Range 2 East, German Township, St.
Joseph County, Indiana, described as follows:
Commencing at the southeast corner of said Section;
thence North 90 degrees 00 minutes 00 seconds West
2642.71 feet to the southeast corner of the Southwest
Quarter of said Section; thence South 89 degrees 57
minutes 33 seconds West 171.27 feet; thence North 0
degrees 00 minutes 47 seconds East 528.56 feet; thence
South 89 degrees 59 minutes 13 seconds East 40 feet to
the point of beginning of this description: thence North
0 degrees 00 minutes 47 seconds'East 375.00 feet; thence
South 89 degrees 59 minutes 13 seconds East 450.00 feet;
thence South 0 degrees 00 minutes 47 seconds West 375.00
feet; thence North 89 degrees 59 minutes 13 seconds West
450.00 feet to the point of beginning and containing
3.874 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.
EJS01080