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RESOLUTION NO. 1450 <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 personal property tax <br />deduction may not be approved when the property is located in an allocation area as defined in <br />I.C. 36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area <br />adopts a resolution 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 Total Enterprises, LTD, for personal <br />property located at 3333 West Lathrop Street in the Airport Economic Development Area, the <br />legal 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 Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 3333 West Lathrop Street is located within the <br />Airport Economic Development Area, Allocation Area No. 1; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from Total Enterprises, LTD, for five years <br />of personal property tax abatement consideration for property located at 3333 West Lathrop <br />Street in the Airport Economic Development 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 Total <br />Enterprises, LTD. <br />Approved this 6 day of September 1996 at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />ATTEST: <br />William P. nac Secretary <br />vb:resl450 <br />N <br />SOUTH BEND REDEVELOPMENT CONNUSSION <br />Paula N. Auburn, President <br />