HomeMy WebLinkAboutNo. 2255 approving an application for personal property tax deduction (PEI-Genesis 4747 W Cleveland Rd)! •
RESOLUTION NO. 2255
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6-1.1-12.1-2(1) 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 (5) years of personal
property tax abatement consideration from PEI-Genesis, Inc., for personal property located at 4747 West
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 4747 West 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 PEI-Genesis, Inc., for five (5) years of personal
• property tax abatement consideration for properties located at 4747 West Cleveland Road 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 PEI-Genesis, Inc.
Approved this 23rd day of June 2006 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
S UTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, P es'dent
.7
+~ i
EXHIBIT A
LEGAL DESCRIPTION
Description: A tract of land situated in the East Half of the Northeast Quarter of Section 20, and a
part of the West Half of the Northwest Quarter of Section 21, both in Township 38 North, Range
2 East of the Second Principal Meridian, German Township, St. Joseph County, Indiana, expliciti-
ly defined as follows:
Commencing from the East Quarter of said Section 20, said point being approximately 68.62 feet
South of the South right-of--way of Indiana East/West Toll Road (300' total R/W) thence North
O l °04' 10" West along the East line of the Northeast Quarter of Section 20, 704.03 feet to the point
of beginning of this description; (note: The bearing for this description was derived from the
recorded documents from the Right-of--Way undertaking); thence North 77°34'00" West, along the
North right-of--way ofCleveland Road 1346.24 feet; thence North 00°38'36" West, 629.12 feet to the
South line of the Plat of Clarence A. Gregory's High Meadows Estates Subdivision; thence North
89°37' 14" East along the South line of the Plat of Clarence A. Gregory's High Meadows Estates
Subdivision and Hartman DeMaegt Subdivision, as recorded under Book 21, page H4 and Book 27,
page H respectively; 1304.45 feet to the East line ofthe Northeast Quarter of said Section 20; thence
continuing along the South boundary of Hartmen DeMaegt Subdivision on a bearing of North
89°37' 14" East, 80.5 feet to a point on a line West 80.5 feet of the West Half of the Northwest
Quarter of said Section 21; thence South O 1 °04' 10" East, 946.09 feet to a point on the North line of
Cleveland Road; thence continuing along the said North line of Cleveland Road on a bearing ofNorth
• 77°34'00" West, 82.79 feet to the point of beginning.
"I~ax Key No.: 25-1012-0199.37.
Address: 4747 West Cleveland Road
South Bend, IN 46628
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