No. 1424 approving an application for personal property tax deduction (Curtis Products, Inc., 228 E. Bronson St.)

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r - , RESOLUTION NO. 1424 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 personal 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 Curtis Products, Inc., for personal property located at 228 E. Bronson Street in the South Bend Central Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the South Bend Central Development Area by Resolution No. 737, adopted May 10, 1985, and in the same resolution declared the South Bend Central Development Area, Allocation Area No. IA; and WHEREAS, the property located at 228 E. Bronson Street is located within the South Bend Central Development Area, Allocation Area No. J A; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Curtis Products, Inc., for five years of personal property tax abatement consideration for property located at 228 E. Bronson Street in the South Bend Central Development Area, Allocation Area No. 1A, 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 Curtis Products, Inc. Approved this 19th day of April, 1996, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION C4 )6FCj-__ /U Paula N. Auburn, President ATTEST: William P. Hojn cki, Secretary ML:Res1424