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RESOLUTION NO. 2102 <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 Federal -Mogul Powertrain, Inc. for personal <br />property located at 3605 W. Cleveland Road in the Airport Economic Development Area, the <br />legal 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 3605 W. Cleveland Road is located within the <br />Airport 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 <br />) that the application from Federal -Mogul Powertrain, Inc, for <br />five years of personal property tax abatement consideration for property located at 3605 W. <br />Cleveland Road in the Airport Economic Development Area, Allocation Area No. 1, should be <br />and is hereby 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 <br />Federal -Mogul Powertrain, Inc. <br />Approved this 8th day of October 2004 at the Rescheduled Regular meeting of the South Bend <br />Redevelopment Commission. <br />ATTEST: AtOLre `'"_ T /ores .�'a--T. <br />J'-tJ 10 �'� �• Sp v e 7Ro ✓ i <br />H:\WPDATA\RESOLUTIONS\RFS2102.DOC <br />