No. 1560 approving an application for personal property tax deduction (Schafer Gear Works, Inc., 814 S. Main St.)

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RESOLUTION NO. 1560 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 Schafer Gear Works, Inc. for personal property located at 814 S. Main Street 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 814 S. Main Street 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 Schafer Gear Works, Inc. forfive years of personal property tax abatement consideration for property located at 814 S. Main Street 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 Schafer Gear Works, Inc. Approved this 19th day of December 1997, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH B REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: Paula N. Auburn, Secretary h1 �;��•Y117