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RESOLUTION NO. 2436 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION <br />WHEREAS, LC. 6-1.1-12.1-2(1) provides that an application for property tax deduction may <br />not be approved when the property is located in an allocation area as defined in I.C. 36-7-14-39, <br />unless the Redevelopment Commission which designated that allocation area adopts a resolution <br />approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for (5) five years of <br />personal property tax abatement consideration from Lake Michigan Mailers, Inc. (Jade Elephant <br />Holding, LLC) for personal property located at 3445 William Richardson Drive in the Airport <br />Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" <br />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 Airport <br />Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 3445 William Richardson Drive is located within the <br />Airport Economic Development Allocation Area, Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from Lake Michigan Mailers, Inc. (Jade <br />Elephant Holding, LLC) for (5) five years of personal property tax abatement consideration for <br />property located at 3445 William Richardson Drive in the Airport Economic Development <br />Allocation Area, Allocation Area No. 1, should be and 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 Lake <br />Michigan Mailers, Inc. (Jade Elephant Holding, LLC). <br />Approved this 15th day of February, 2008, at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Marcia I. Jones, President <br />ATTEST• <br />gory S. Downes, etary <br />