No. 1750 approving an application for personal property tax deduction (Parrish Machine, Inc. and Associates Leasing, Inc., 3702 W. Progress Dr.)

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RESOLUTION 1750 A RESOLUTION APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION WHEREAS, I.C.6 -1.1- 12.1 -2(1) provides that an application for property tax deduction may not be approved when the property is located in an allocation area as defined in I.C. 36 -7- 14-39, unless the Redevelopment Commission which designated that allocation area adopts a resolution approving that application; and WHEREAS, the South Bend Common Council has received a petition for five years of personal property tax abatement consideration from Parrish Machine, Inc. and Associates Leasing, Inc. for personal property located at 3702 West Progress Drive in the Airport Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Airport Economic Development Area by it Resolution No. 919, adopted February 23, 1990, in the same resolution declared the Airport Economic Development Allocation Area, Allocation Area No. 1; and WHEREAS, the property located at 3702 W. Progress Drive is located within the Airport Economic Development Area, Allocation Area No. 1. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Parrish Machine, Inc. and Associates Leasing, Inc. for five years of personal property tax abatement consideration for property located at 3702 West Progress Drive in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be and is hereby approved. 2) That a copy of this resolution be forwarded to the South Bend Common Council to indicate the Commission's approval of the petition for personal property tax abatement for Parrish Machine, Inc. and Associates Leasing, Inc. Approved this 7' day of April 2000 at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: lop% Philip J. FaYet(dA- jh:Res1750 F:\ HOME\ VURBANSK \WPDATA\Resolutious\RES 1750wpd.wpd