HomeMy WebLinkAboutNo. 2564 approving an application for personal property tax deduction (445 N. Sheridan St.)RESOLUTION NO. 2564
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, 1. C. 6- 1.1- 12.1 -2(l) 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 (5) five years of
personal property tax abatement consideration from Treadstone, LLC for personal property located at
445 North Sheridan Street 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 445 North Sheridan Street is located within the Airport
Economic Development Allocation Area, Allocation Area No. 1.
0 NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from Treadstone, LLC for (5) five years of
personal property tax abatement consideration for property located at 445 North Sheridan Street 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
Treadstone, LLC.
Approved this 6th day of March, 2009, at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I.• Jones, Preilidedt
ATTEST:
utav�741-o,-
Nancy N. King, cretary
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EXHIBIT A
LEGAL DESCRIPTION
Description: 371.5 Ft on Linden Ave, Beginning 277 Ft West and 60 Ft North Southeast Corner of
Southwest Section 4 -37 -2E
Tax Key No.: 18-2193-75701
Address: 445 North Sheridan Street
South Bend, IN 46619
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