HomeMy WebLinkAboutNo. 0948 approving an application for real and personal property tax deduction (Nimet Industries, Inc., 2424 N. Foundation Dr.)RESOLUTION NO. 948
A RESOLUTION APPROVING AN APPLICATION FOR
REAL AND 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 three years of real property and five years of personal
property tax abatement consideration from Nimet Industries, Inc.,
for real and personal property located at 2424 N. 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 Allocation Area, Allocation Area No. 1; and
WHEREAS, the property located at 2424 N. Foundation Drive 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 Nimet
Industries, Inc., for three years of real property and five years
of personal property tax abatement consideration for property
located at 2424 N. Foundation Drive 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 Nimet
Industries, Inc.' petition for real and personal property tax
abatement.
Approved this 28th day of September, 1990, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
ATTEST:
Roman Piasecki, Secretary
Res948
14
SOUTH BEND REDEVELOPMENT COMMISSION
a
Paula N. Auburn, Vice President
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.
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