HomeMy WebLinkAboutNo. 2117 approving an application for personal property tax deductionRESOLUTION NO. 2117
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 years of
personal property tax abatement consideration from Fulton Industries, Inc. for personal property
located at 2050 Ralph Jones 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 2050 Ralph Jones Drive is located within the Airport
Economic Development 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 Fulton Industries, Inc. for five years
of personal property tax abatement consideration for property located at 2050 Ralph Jones Drive
in the Airport Economic Development 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 Fulton
Industries, Inc.
Approved this 17th day of December 2004 at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia T. Jones, esident
ATTEST:
Robert W. Hunt, Secretary
HATAX ABATETULTON IND \TA AEDA PERS.DOC
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EXHIBIT A
FULTON INDUSTRIES, INC.
LEGAL DESCRIPTION OF REAL PROPERTY
Lots Numbered Sixteen (16) and Seventeen (17) as shown on the recorded Plat of
Toll Road Industrial Park Section 6, recorded April 7, 1989 as Document Number
8908570 in the Office of the Recorder of St. Joseph County, Indiana.