HomeMy WebLinkAboutNo. 0987 approving an application for personal property tax deduction (AE Piston Products, Inc., 22255 W. Cleveland Rd.)RESOLUTION NO. 987
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
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 AE Piston Products, Inc., for personal property located at
22255 W. Cleveland Road 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 22255 W. Cleveland Road 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 AE Piston
Products, Inc., for five years of personal property tax abatement
consideration for property located at 22255 W. Cleveland Road 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 AE Piston
Products, Inc.
Approved this 22nd day of March, 1991, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President
ATTEST:
Michael Donoho, Secretary
Res987
11
AE PISTON PRODUCTS, INC.
.LEGAL DESCRIPTION OF REAL PROPERTY
EXHIBIT A
A tract of land in part of the East half of Section 21, Township
38 North, Range 2 East, 2nd P.M. St. Joseph County, Indiana, and
more particularly described as follows:
Beginning at a point on the East -West Half section line of said
East Half North 88 degrees 53 minutes 36 seconds East 915.58 feet
from the center of said Section 21; thence North 0 degrees 56
minutes 57 seconds West 338.80 feet; thence North 88 degrees 53
minutes 36 seconds East, parallel with the East -West half section
line of said Section, 800.00 feet; thence South 0 degrees 56
minutes 57 seconds East 1726.13 feet; thence northwesterly 550.14
feet along an arc to the right having a radius of 4463.66 feet
and subtended by a long chord having a bearing of North 54
degrees 36 minutes 59 seconds West and a distance of 549.80 feet;
thence North 51 degrees 05 minutes 08 seconds West 465.22 feet;
thence North 0 degrees 56 minutes 57 seconds West 761.20 feet to
the East -West half section line of said East half the point of
beginning, and containing 26.203 acres, more or less.
IN