HomeMy WebLinkAboutNo. 2252 approving an application for real property tax deduction (PEI-Genesis 4747 W Cleveland Rd)~~
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RESOLUTION NO. 2252
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, LC. 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 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 (8) eight years of
real property tax abatement consideration from PEI-Genesis, Inc., and Tuliptree Associates, LLC. for
real 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
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1) The Commission finds that the application from PEI-Genesis, Inc., and Tuliptree
Associates, LLC for (8) eight years of real property tax abatement consideration for property 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 real property tax abatement for from PEI-
Genesis, Inc., and Tuliptree Associates, LLC.
Approved this 23rd day of June 2006 at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, Pr s' ent
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EXHIBIT A
LEGAL DESCRIPTION
Description: 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 O1°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 of Cleveland Road1346.24 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 of the 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 O1°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 of North 77°34'00"
West, 82.79 feet to the point of beginning
Tax Key No.: 25-1012-0199.37
Address: 4747 West Cleveland Road
South Bend, Indiana
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