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RESOLUTION NO. 1379 <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 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 South Bend Absorbtech, L.L.C. for <br />personal property located at 3900 William Richardson Drive in the Airport Economic <br />Development Area, the legal description of which is attached hereto, marked Exhibit "A" and <br />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 <br />Airport Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 3900 William Richardson Drive is located within <br />the Airport Economic Development Allocation 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 South Bend Absorbtech, L.L.C. for <br />five years of personal property tax abatement consideration for property located at 3900 <br />William Richardson Drive in the Airport Economic Development Allocation Area, Allocation <br />Area No. 1, is 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 <br />South Bend Absorbtech, L.L.C. <br />Approved this 20th day of October 1995, at the regularly scheduled meeting of the <br />South Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />FU- <br />i <br />ATTEST: <br />Robert W. Hunt, Secretary <br />ML:Res1379 <br />