HomeMy WebLinkAboutNo. 0805 approving an application for real property tax deduction (River Glen South associates, 422 E. Monroe)RESOLUTION NO. 805
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 six years of real property tax abatement consideration
from River Glen South Associates for real property located at 422 E.
Monroe in the South Bend Central Development Area, the legal
description of which is attached hereto, marked Exhibit "A" and
incorporated herein; and
WHEREAS, this Commission declared the South Bend Central
Development Area by Resolution No. 737 adopted May 10, 1985 and in
the same resolution declared the South Bend Central Allocation Area
(South Bend Allocation Area No. 1A); and
WHEREAS, the property located at 422 E. Monrore is located
within the South Bend Central Allocation Area (South Bend Allocation
Area No. 1A);
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission as follows:
1.) The Commission finds that the application of
River Glen South Associates for six years of real
property tax abatement consideration located at 422 E.
Monroe in the South Bend Central Allocation Area (South
Bend Allocation Area No. 1A) 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 River Glen South
Associates petition for real property tax abatement.
Approved this 26th day of June, 1987, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Roman Piasec i Aecretary
2/h
EXHIBIT A
A parcel of land being Lots 5, 6, 7 and 8, and the East half of a
vacated 11- foot -wide al ley lyi ng West of and adjacent to said Lots 6,
7, 8, all in Moses Stern's Subdivision of parts of Lots 19 and 20,
Denniston and Fellows Addition, South Bend, Indiana, and being more
1C particularly described as follows, viz:
Beginning at a point on the West right -of -way line of Fellows Street
(60 feet wide), said point being South 0 ° -02 '20" East a measured
distance of 147.65 feet from the intersection of said West line with
the South right -of -way line of Monroe Street (82.5 feet wide), said
point being the Northeast corner of Lot 5 in said Moses Stern's
Subdivision; thence South 00- 01'20" East, along the West line of said
Fellows Street, being also the East line of Lots 5, 5, 7 and 8 in
said subdivision, a measured distance of 117.52 feet to the Southeast
corner of said Lot 8; thence North 89 °- 55' -40" West, along the South
line of said Lot 8 and said South line projected, a measured distance
of 137.28 feet to the centerline of an 11- foot -wide alley; thence
North 0 °- 02' -49" East, along said centerline and 5.50 feet West of
the West line of said Lots 8, 7, and 6, a measured distance of 85.37
feet to the North line of said Lot 6, projected West; thence South
890- 55' -56" East, along said projected line, a distance of 5.50 feet
to the Northwest corner of said Lot 6; thence North 00- 02' -49" East,
along a West line of said Lot 5, a measured distance of 10.04 feet to
a Northwesterly corner of said Lot 5; thence South 89 °- 57' -42" East,
along a North line of said Lot 5, thence South 89 °- 57' -42" East along
a North line of said Lot 5, a measured di stance of 19.35 feet; thence
North 0 °- 02' -16" West, along a West line of said Lot 5, a measured
distance of 22.10 feet to a Northwesterly corner of said Lot 5;
thence South 89'-55'-38" East, along the most Northerly line of said
Lot 5, a measured distance 112.29 feet to the point of beginning.