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RESOLUTION NO. 1328 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION <br />WHEREAS, I. C. 6 -1.1- 12.1 -20) provides that an application for personal 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 FDC Graphic Films, Inc. for personal <br />property located at 3820 William Richardson Drive in the Airport Economic Development Area, <br />the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; <br />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 Airport <br />Economic Development Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 3820 William Richardson Drive is located within the <br />Airport Economic Development 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 FDC Graphic Films, Inc., for five <br />years of personal property tax abatement consideration for property located at 3820 William <br />Richardson Drive in the Airport Economic Development Area, Allocation Area No. 1, is hereby <br />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 FDC <br />Graphic Films, Inc. <br />Approved this 17th day of March, 1995, at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Philip J. Fat1n, Vesident <br />ATTEST: <br />Z460�e <br />Robert W. Hunt, Secretary <br />ML:res1328 <br />