HomeMy WebLinkAboutNo. 2660 approving an application for real property tax deduction (Lots 14 and 15, 3751 Olive Road)RESOLUTION NO. 2660
• A RESOLUTION APPROVING AN APPLICATION FOR
REAL 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 up to six (6) years
of real property tax abatement consideration from BW Business Park, LLC on behalf of Olive
Cleveland Partners, LLC for real property identified as Lots No. 14 and 15 on Vorden Parkway
adjacent to3751 Olive Road 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 identified as Lots No. 14 and 15 on Vorden Parkway 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 BW Business Park, LLC on behalf of
Olive Cleveland Partners, LLC for up to six (6) years of real property tax abatement consideration
for property identified as Lots No. 14 and 15 on Vorden Parkway adjacent to3751 Olive Road 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 Olive
Cleveland Partners, LLC.
Approved this 5f day of March, 2610, at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, Prebdent
ATTEST:
Nancy N. King, Se etary
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EXHIBIT A
LEGAL DESCRIPTION
Description: Lot 14 B W Business Park Major Sub 02 -03 New Replat 4013-16-2001
Lot 15 B W Business Park Major Sub 02 -03 New Replat 401 3 -16 -2001
Tax Key No.: Lot 14 -- 031 - 1036 - 0590.12
Lot 15 -- 031- 1036- 0590.13
Address: Lots No. 14 and 15 on Vorden Parkway adjacent to3751 Olive Road,
South Bend, Indiana