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RESOLUTION NO. 2117 <br />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 <br />may not be approved when the property is located in an allocation area as defined in I.C. <br />36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area adopts <br />a resolution approving that application; and <br />WHEREAS, the South Bend Common. Council has received a petition for five years of <br />personal property tax abatement consideration from Fulton Industries, Inc. for personal property <br />located at 2050 Ralph Jones Drive in the Airport Economic Development Area, the legal <br />description of which is attached hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by <br />Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport <br />Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 2050 Ralph Jones Drive is located within the Airport <br />Economic Development Area, Allocation Area No. 1; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from Fulton Industries, Inc. for five years <br />of personal property tax abatement consideration for property located at 2050 Ralph Jones Drive <br />in the Airport Economic Development Area, Allocation Area No. 1, should be and is hereby <br />approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council to <br />indicate the Commission's approval of the petition for personal property tax abatement for Fulton <br />Industries, Inc. <br />Approved this 17th day of December 2004 at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Marcia T. Jones, esident <br />ATTEST: <br />Robert W. Hunt, Secretary <br />HATAX ABATETULTON IND \TA AEDA PERS.DOC <br />