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RESOLUTION NO. 1368 <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 <br />in I.C. 36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation <br />area adopts a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for five years <br />of personal property tax abatement consideration from the South Bend Redevelopment <br />Commission for the benefit of Midwest Land Company for personal property located at 5021 <br />Nimtz Parkway in the Airport Economic Development Area, the legal description of which is <br />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 <br />Airport Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 5021 Nimtz Parkway is located within the Airport <br />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 the South Bend Redevelopment <br />Commission for the benefit of Midwest Land Company for five years of personal property <br />tax abatement consideration for property located at 5021 Nimtz Parkway in the Airport <br />Economic Development Allocation Area, Allocation Area No. 1, is hereby approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council <br />to indicate the Commission's approval of the petition for personal property tax abatement for <br />the South Bend Redevelopment Commission for the benefit of Midwest Land Company. <br />Approved this 21st day of July 1995, at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />ATTEST: <br />Robert W. Hunt, Secretary <br />ML:Res1368 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />