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RESOLUTION NO. 1710 <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 may <br />not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39, <br />unless the Redevelopment Commission which designated that allocation area adopts a resolution <br />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 Lock Joint Tube, Inc./KeyCorp Capital <br />Leasing /Steel Warehouse Co. Inc. /LJT No. 1, LLC for personal property located at 1215 South <br />Walnut Street in the Sample -Ewing Development Area, the legal description of which is attached <br />hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Sample -Ewing Development Area by Resolution <br />No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample -Ewing <br />Development Area, Allocation Area No. 8; and <br />WHEREAS, the property located at 1215 South Walnut Street is located within the Sample - <br />Ewing Development Area, Allocation Area No. 8; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from Lock Joint Tube, Inc./KeyCorp Capital <br />Leasing /Steel Warehouse Co. Inc./LJT No. 1, LLC for five years of personal property tax abatement <br />consideration for property located at 1215 South Walnut Street in the Sample -Ewing Development <br />Area, Allocation Area No. 8, is hereby approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council to <br />indicatethe Commission's approval of the petition for personal property tax abatement for Lock Joint <br />Tube, Inc./KeyCorp Capital Leasing /Steel Warehouse Co. Inc./LJT No. 1, LLC . <br />Approved this 17th day of September 1999 at the regular meeting of the South Bend <br />Redevelopment Commission. <br />S D REDF .ELOPMENT COMMISSION <br />RE <br />DE <br />ATTEST: <br />vu:Resl710 <br />11 <br />W. Hunt, President <br />