HomeMy WebLinkAboutNo. 1034 approving an application for personal property tax deduction (Bangor Refrigeration Corp., 3620 W. McGill St.)RESOLUTION NO. 1034
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 Bangor Refrigeration Corporation, for personal property
located at 3620 W. McGill 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 Area, Allocation Area No. 1; and
WHEREAS, the property located at 3620 W. McGill Street 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 Bangor
Refrigeration Corporation, for five years of personal property tax
abatement consideration for property located at 3620 W. McGill
Street 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 Bangor
Refrigeration Corporation.
Approved this 10th day of January 1992, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
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ATTEST:
Michael Donoho, Secretary
Res1034
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President
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EXHIBIT "A"
LEGAL DESCRIPTION:
A PART of the Northeast Quarter of Section 28, Township 38 North,
Range 2 East, of the City of South Bend, German Township, St.
Joseph County, Indiana, and described as follows:
COMMENCING at the Northeast corner of said Section 28; thence South
89 048105" West along the North line of said Quarter Section,
1305.00 feet; thence South 00 000123" West along the centerline of
Kenmore Street, 363.70 feet; thence South 09 059137" East along said
centerline, 486.87 feet to the centerline intersection of Kenmore
Street and McGill Street; thence South 80 000123" West along the
centerline of McGill Street, 303.50 feet; thence North 890591371,
West along said centerline, 270.66 feet to the Point of Beginning;
thence South 00 000123" West, 401.41 feet; thence North 890591371,
West 523.60 feet; thence North 00 002141" East, 401.40 feet; thence
South 89 059137 West, 523.23 feet to the point of Beginning, and
containing 4.823 acres, more or less and is subject to all
easements, restrictions, and or limitations of record.