HomeMy WebLinkAboutNo. 2674 approving an application for personal property tax deduction (2629 Foundation Drive)RESOLUTION NO. 2674
• 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 (5) five years of
personal property tax abatement consideration from Value Production, Inc., for personal property
located at 2629 Foundation 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 2629 Foundation 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 Value Production, Inc., for (5) five years
of personal property tax abatement consideration for property located at 2629 Foundation 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 Value
Production, Inc.
Approved this 7th day of May, 2010, at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
David A. Varner, Vice President
ATTES a X�m 1
Nancy N. Kingo Secretary
•
•
•
EXHIBIT A
LEGAL DESCRIPTION
Description: A parcel of land in the Southwest Quarter of Section 28, Township 38 North,
Range 2 East, St. Joseph County, Indiana.
Tax Key No.: 25 -1010- 0400.12
Address: 2629 Foundation Drive
South Bend, IN 46628