No. 1329 approving an application for personal property tax deduction (Mossberg & Company, Inc., 301 E. Sample)

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.i RESOLUTION NO. 1329 A RESOLUTION APPROVING AN APPLICATION FOR two PERSONAL PROPERTY TAX DEDUCTION WHEREAS, I. C. 6 -1.1- 12.1 -26) 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 Mossberg & Company, Inc., for personal property located at 301 E. Sample 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 Allocation Area (South Bend Allocation Area No. 1A); and WHEREAS, the property located at 301 E. Sample is located within the South Bend Central Allocation Area (Allocation Area No. 1A). NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Mossberg & Company, Inc. for five years of personal property tax abatement consideration for property located at 301 E. Sample in the South Bend Central Allocation Area (Allocation Area No. 1A) 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 Mossberg & Company, Inc. Approved this 17th day of March, 1995, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION 'i 1 . J ATTEST: Robert W. Hunt, Secretary ML:resl329