HomeMy WebLinkAboutNo. 2310 approving an application for personal property tax deduction (4701 Nimtz Pkway Schafer Gear Works)RESOLUTION NO. 2310
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, LC. 6-1.1-12.1-2(1) provides that an application forpropertytax deduction may
not be approved when the property is located in an allocation area as defined in LC. 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 (5) five years of
personal property tax abatement consideration from Schafer Gear Works for personal property
located at 4701 Nimtz Parkway 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 4701 Nimtz Parkway 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 Schafer Gear Works for (5) five years of
personal property tax abatement consideration for property located at 4701 Nimtz Parkway in the
Airport Economic Development Allocation Area, Allocation Area No. 1, should be and 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 Schafer
Gear Works.
Approved this 19th day of January, 2007, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
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Marcia I. Jones, e dent
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Gregor S'"bownes, Se retary
EXHIBIT A
LEGAL DESCRIPTION
Description: Apart of the Southeast Quarter of Section 20 and part of the Southwest Quarter of
Section 21, Township 38 North, Range 2 East, situated in German Township, St.
Joseph County, State of Indiana, and being more particularly described as follows:
Lots numbered (10) ten and (11) eleven as shown on the recorded of the H.G. Baus
Centre -Phase One, recorded March 16, 1995, as document number 9507104 in the
Office of the Recorder of St. Joseph County, Indiana.
Tax Key No.: 18-3042-1621
Address: 4701 Nimtz Parkway
South Bend, IN 46628
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