No. 1166 approving an application for real property tax deduction (AE Piston Products, Inc., 3605 W. Cleveland Rd.)

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RESOLUTION NO. 1166 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6 -1.1- 12.1 -20) 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 ten years of real property tax abatement consideration from AE Piston Products, Inc., for real property located at 3605 W. Cleveland Road in the Airport Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Airport Economic Development Area by Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport Economic Development Allocation Area, Allocation Area No. 1; and WHEREAS, the property located at 3605 W. Cleveland Road is located within the Airport Economic Development Allocation Area, Allocation Area No. 1. NOW, TTDEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from AE Piston Products, Inc., for ten years of real property tax abatement consideration for property located at 3605 W. Cleveland Road in the Airport Economic Development Allocation Area, Allocation Area No. 1, 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 real property tax abatement for AE Piston Products, Inc. Approved this 24th day of June, 1993, at a special meeting of the South Bend Redevelopment Commission. ATTEST: l ML:Res1166 SOUTH BEND REDEVELOPMENT COMMISSION Roman J. Piasec Vice President