HomeMy WebLinkAboutNo. 2523 approving an application for real property tax deduction (Lot 2 Total Industries Lathrop St.)RESOLUTION NO. 2523
• A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 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 three (3) years of
real property tax abatement consideration from Gateway Plaza Real Estate, LLC, for vacant real
property located adjacent to 3305 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 vacant property located adjacent to 3305 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:
r1) The Commission finds that the application from Gateway Plaza Real Estate, LLC for
three (3) years of real property tax abatement consideration for the vacant property located adjacent
to 3305 Lathrop 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 real property tax abatement for Gateway Plaza
Real Estate, LLC.
Approved this 7th day of November, 2008, at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
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Marcia I. Jon President
ATTEST: s
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• Nancy N. King, Secretary
EXHIBIT A
LEGAL DESCRIPTION
Description: Lot 2 Total Industries Lathrop St.- Minor -04/05 New Replat Trans 14822- 2/06/04
Tax Key No.: 25 -1010- 0409.01
Address: Vacant lot adjacent to 3305 Lathrop Drive
South Bend, IN 46628
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