HomeMy WebLinkAboutNo. 2257 approving an application for personal property tax deduction (Lock Joint Tube, 1215 S Walnut)RESOLUTION NO. 2257
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, LC. 6-1.1-12.1-2(I) 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 Lock Joint Tube, LLC for personal property located at 1215 South
Walnut Street in the South Bend Sample-Ewing Development Area, the legal description of which is attached
hereto, marked Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the South Bend Sample-Ewing Development Area by
Resolution No. 1222, adopted February 4,1994, and in the same resolution declared the South Bend Sample-
Ewing Development Area, Allocation Area No. 8; and
WHEREAS, the property located at 1215 South Walnut Street is located within the South Bend
Sample-Ewing Development Area, Allocation Area No. 8;
WHEREAS, the property located at 1215 South Walnut Street is located within the Urban Enterprise
Zone;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows:
1) The Commission finds that the application from Lock Joint Tube, LLC for five (5) years of
personal property tax abatement consideration for properties located at 1215 South Walnut Street in the South
Bend Sample-Ewing Development Area, Allocation Area No. 8, should be and is hereby approved.
2) Should the Company receive the Enterprise Zone Investment Deduction under I.C. 6-1.1-45 for the
same property, this Tax Abatement designation shall become null and void. The Company may not receive an
economic revitalization area deduction if it receives an enterprise zone investment deduction under I.C. 6-1.1-
45 for the same property.
3) 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 Lock Joint Tube, LLC.
Approved this 21st day of July 2006 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
arcia ones, s ent
Marcia Jones, President
ATTEST:
owns, Secretary
EXHIBIT A
LEGAL DESCRIPTION
Description: A tract of land in the City of South Bend, County of St. Joseph, and State of Indiana,
situated in the Northwest'/4 of Section 14, and the Northeast'/4 of Section 15, Township 37 North,
Range 2 East, bounded by the following described line: Beginning at a point in the West line of
Walnut Street, 682.75 feet south of the South line of Sample Street, which point is 31 feet South of
the South line of the Sanders and Egbert Tract, as conveyed by deed recorded in Deed Record 118,
Page 428 and Deed record 121, Page 320; thence on an assumed bearing of South 0°00'49" East
along said West line of Walnut Street, 556.95 feet; thence South 89°55'05" West, 1200 feet; thence
North 0°00'49" West parallel with said West line of Walnut Street 589.19 feet to a point 651.75 feet
south of the south line of Sample Street or the produced South line of the tract conveyed to F.C.
Raff, recorded in Deed Record 172, Page 641; thence South 89°57' 10" East along the South line
above described tract produced East, 295 feet; thence South 0°00'49" East parallel with the West
line of Walnut Street, 31 feet; thence North 89°57' 16" East, 905 feet to the place of beginning,
containing 15.565 acres, more or less.
Tax Key No.: 18-8021-0845.04
Address: 1215 South Walnut Street, South Bend, Indiana
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