No. 1432 approving an application for personal property tax deduction (Steel Warehouse Co., Inc., 2722 W. Tucker Dr.)

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RESOLUTION NO. 1432 A RESOLUTION APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6 -1.1- 12.1 -k(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 Steel Warehouse Co., Inc. for personal property located at 2722 West Tucker Drive 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 2722 West Tucker Drive 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 Steel Warehouse Co., Inc. for five years of personal property tax abatement consideration for property located at 2722 West Tucker Drive in the Sample -Ewing Development Area, Allocation Area No. 8, 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 Steel Warehouse Co., Inc. Approved this 17th day of May, 1996, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SO REDEVELOPMENT COMMISSION Paula N. Auburn, President ATTEST: William P. Hojnac ' Secretary VB:Res1432