No. 2371 approving an application for personal property tax deduction 3722 Foundation Ct Imagineering Enterprises

Home Browse Search

RESOLUTION NO. 2371 • A RESOLUTION APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION WHEREAS, LC. 6-1.1-12.1-2(1) 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 (5) five years of personal property tax abatement consideration from Imagineering Enterprises, Inc. ,for personal property located at 3722 Foundation Court in the Airport Economic Development Area, the legal description of which is Lot numbered Two (2) as shown on the plat of Metro-Aledo Minor Subdivision and recorded as document number 9440809 in the Office of the Recorder of St. Joseph County, Indiana excepting the sixty (60) feet in width off the entire south side thereof., 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 3722 Foundation Court is located within the Airport Economic Development Allocation Area, Allocation Area No. 1. • NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Imagineering Enterprises, Inc., for (5) five years of personal property tax abatement consideration for property located at 3722 Foundation Court in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be and 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 Imagineering Enterprises, Inc. Approved this ~ ~~~ day of August, 2007, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ~~ ~'f Marcia I. Jones, P ident • ATTEST: ory S. Downes, Se ary