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06 <br />RESOLUTION NO. 2068 <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 Mack Tool & Engineering, Inc. for personal <br />property located at 2820 Viridian Dr. 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 2820 Viridian Dr. 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 />ILI Commission as follows: <br />1) The Commission finds that the application from Mack Tool & Engineering, Inc. for <br />five years of personal property tax abatement consideration for property located at 2820 Viridian <br />Dr. 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 Mack <br />Tool & Engineering, Inc. <br />Approved this 2nd day of July 2004 at the regularly scheduled meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />ATTEST: <br />G �y <br />H:\WPDATA \TAX ABATEMENT\2004 \MACK TOOL PP \RES 2068.DOC <br />