No. 1401 approving an application for personal property tax deduction (Lock Joint Tube Inc., 1215 S. Walnut St.)

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RESOLUTION NO. 1401 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 Lock Joint Tube Inc. for personal property located at 1215 South Walnut 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 1215 South Walnut 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 Lock Joint Tube Inc. for five years of personal property tax abatement consideration for property located at 1215 South Walnut 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 Lock Joint Tube Inc. Approved this 15th day of December 1995, at the regularly scheduled meeting of the South Bend Redevelopment Commission. ATTEST: Robert W. Hunt, Secretary ML:Res140l SOUTH BEND REDEVELOPMENT COMMISSION -?z , Philip J. Fa en , President