No. 2308 approving an application for personal property tax deduction (Odyssian Technology)

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RESOLUTION NO. 2308 A RESOLUTION APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAX DEDUCTION WHEREAS, LC. 6-1.1-12.1-2(1) provides that an application forpropertytax 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 Odyssian Technology for personal property located at 511 East Colfax and 210 North Niles 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 Development Area, Allocation Area No. lA; and WHEREAS, the properties located at 511 East Colfax and 210 North Niles are located within the South Bend Central Development Area, Allocation Area No. lA; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Odyssian Technology for (5) five years of personal property tax abatement consideration for property located at 511 East Colfax and 210 North Niles in the South Bend Central Development Area, Allocation Area No. lA, 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 Odyssian Technology. Approved this 19th day of January, 2007, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ~ / `\ Marcia I. Jones,('Pr ident ATTEST: ~!'.. • Gregory S