HomeMy WebLinkAboutNo. 2870 approving an application for personal property tax deduction (Gibbs Wire & Steel Co., Inc., 1710 N. Sheridan St.)RESOLUTION NO. 2870
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 Hoosier Tank and Manufacturing, Incorporated
for personal property located at 1710 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 1710 North Sheridan Street 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 Hoosier Tank and Manufacturing,
Incorporated for (5) five years of personal property tax abatement consideration for property located
at 1710 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 Hoosier
Tank and Manufacturing, Incorporated.
Approved this 26`h day of April, 2011, at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Varner, Vice President
ATTEST:
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EXHIBIT A
LEGAL DESCRIPTION
Description: Par of land beg appx 889.84 Ft So. & 40 Ft East of NW '/ SE % and known as Gibbs
Wire & Steel Co. Inc. minor sub sec 33 -38 -2E cont appx AC
Tax Key No.: 018- 2184 - 693803 (Real Property): 018 - 07522 -00 (Personal Property)
Address: 1710 North Sheridan Street
South Bend, IN 46628
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