HomeMy WebLinkAboutNo. 2243 approving an application for personal property tax deduction (McCormick & Co., 3425 W. Lathrop)r
RESOLUTION NO. 2243
9 A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 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 five (5) years of
personal property tax abatement consideration from McCormick & Company, Inc. for personal property
located at 3425 West Lathrop Drive 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 3425 West Lathrop Drive 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:
9 1) The Commission finds that the application from McCormick & Company, Inc. for five (5) years of
personal property tax abatement consideration for properties located at 3425 West Lathrop Drive in the Airport
Economic Development Allocation Area, Allocation Area No. 1, should be and is hereby approved.
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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 McCormick & Company,
Inc.
Approved this 19th day of May 2006 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
"Marcfff.—Jone , resident
EXHIBIT A
LEGAL DESCRIPTION
Description: 8.44 AC Tract
Mid PT S Side SE 1/4 Beg 990 ft. & 40 ft. SE Cor SE SEC 28 -38 -2E
Tax Key No.: 025- 1010 - 0403.01
Address: 3425 West Lathrop Drive, South Bend, IN
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