HomeMy WebLinkAboutNo. 2677approving an application for personal property tax deduction (3425 W. Lathrop Dr.)RESOLUTION NO. 2677
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(1) provides that an application forpropertytax deductionmay
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 McCormick and Company, Inc. for personal
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 (5)
five years of personal 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 personal property tax abatement for
McCormick and Company, Incorporated.
Approved this 9`h day of July, 2010, at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, Pr i ent
ATTEST:
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
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