Laserfiche WebLink
RESOLUTION NO. 1703 <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 Haldex Garphyttan Corporation for personal <br />property located at 4404 Nimtz Parkway 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 />Ic WHEREAS, the property located at 4404 Nimtz Parkway is located within the Airport <br />Economic Development Allocation Area, Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from Haldex Garphyttan Corporation for five <br />years of personal property tax abatement consideration for property located at 4404 Nimtz Parkway <br />in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be and is <br />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 Haldex <br />Garphyttan Corporation. <br />Approved this 16th day of July 1999 at the regular meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT CONIMISSION <br />ATTEST: <br />Eugenia S. Schwartz, Secretary er <br />vb:Resl703 <br />rum <br />Robert W. Hunt, President <br />