No. 1686 approving an application for personal property tax deduction (Exacto, Inc., 1137 S. Lafayette Blvd.)

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RESOLUTION NO. 1686 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 Exacto, Inc. of South Bend for personal property located at 1137 S. Lafayette Blvd. in the Sample -Ewing Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Sample -Ewing Development Area by Resolution No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample- Ewing Development Area, Allocation Area No. 8; and WHEREAS, the property located at 1137 S. Lafayette Blvd. is located within the Sample - Ewing Development Area, Allocation Area No. 8; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Exacto, Inc. of South Bend for five years of personal property tax abatement consideration for property located at 1137 S. Lafayette Blvd. in the Sample -Ewing Development Area, Allocation Area No. 8, 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 Exacto, Inc. of South Bend. Approved this 25th day of June 1999 at the rescheduled regular meeting of the South Bend Redevelopment Commission. SOUIRIMND REDEVELOPMENT COMMISSION K i-14r f U Robert W. Hunt, President ATTEST: .� 1 vu:Res1686