HomeMy WebLinkAboutNo. 2676 approving an application for real property tax deduction (3425 W. Lathrop Dr.)RESOLUTION NO. 2676
40 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 nine (9) years
of real property tax abatement consideration from McCormick and Company, Inc. for real property
located at 3425 West 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 property located at 3425 West 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:
1) The Commission finds that the application from McCormick and Company, Inc. for up to
nine (9) years of real property tax abatement consideration for property located at 3425 West 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 McCormick
and Company Incorporated.
Approved this 9th day of July, 2010, at the regular meeting of the South Bend Redevelopment
Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones esident
ATTEST:
Qka W (� LC
Nancy N. King, qecretary
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EXHIBIT A
LEGAL DESCRIPTION
Description: 8.44 AC Tract
Mid PT S Side SE % Beg 990 ft. W & 40 ft. N of SE Cor SE SEC 28 -38 -2E
Tax Key No.: 025- 1010 - 0403.01
Address: 3425 West Lathrop Drive
South Bend, Indiana