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r <br />RESOLUTION NO. 2239 <br />0 A RESOLUTION APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6 -1.1- 12.1 -2(1) provides that an application for property tax deduction may not <br />be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39, unless the <br />Redevelopment Commission which designated that allocation area adopts a resolution approving that <br />application; and <br />WHEREAS, the South Bend Common Council has received a petition for five (5) years of <br />personal property tax abatement consideration from Mack Tool & Engineering, Inc. for personal property <br />located at 2820 Viridian Drive in the Airport Economic Development Area, the legal description of which <br />is attached hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by Resolution No. <br />919, adopted February 23, 1990, and in the same resolution declared the Airport Economic Development <br />Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 2820 Viridian Drive is located within the Airport Economic <br />Development Allocation Area, Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as <br />follows: <br />1) The Commission finds that the application from Mack Tool & Engineering, Inc. for five (5) years <br />of personal property tax abatement consideration for properties located at 2820 Viridian Drive in the Airport <br />Economic Development Allocation Area, Allocation Area No. 1, should be and is hereby approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council to indicate the <br />Commission's approval of the petition for personal property tax abatement for Mack Tool & Eingineering, <br />Inc. <br />Approved this 21 st day of April 2006 at the regularly scheduled meeting of the South Bend <br />Redevelopment Commission. <br />ATTEST: <br />Orgg6fy Downes, etary <br />r� <br />�J <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Kar <br />