HomeMy WebLinkAboutNo. 2204 approving application for personal property tax deduction (Enzyme Research Laboratories, Inc., 1801 Commerce Drive)RESOLUTION NO. 2204
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, T.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 T.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 Enzyme Research Laboratories, Inc. for personal
property located at 1801 Commerce 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. l; and
WHEREAS, the property located at 1801 Commerce 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:
1) The Commission finds that the application from Enzyme Research Laboratories, Inc for five (5)
years of personal property tax abatement consideration for properties located at 1801 Commerce Drive 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 Enzyme Research
Laboratories, Inc.
Approved this 3rd day of .January 2006 at the regularly scheduled meeting of the South Bend .
Redevelopment Commission,
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia 1. Jones, s iclent
ATTEST:
Gre y S. Do es, Secretary
0 Attachment to:
City of South Bend Petition for Tangible Personal Property Tax Abatement Consideration
Exhibit A: Legal Description
E PT Lot 25 Airport Industrial Park Phase II — Sec 33 —38 - 2E Cont .40 acres +/-
W 287 FT of Lot 25 Airport Industrial Park Phase II — S.W. 1 — 4 Sec 33 —38 — 2E 1.57 acres
S 80.5 FT of Lot 24 S.W. Sec 33 — 38 — 2E
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