HomeMy WebLinkAboutNo. 1800 approving an application for personal property tax deduction (Value Tool & Engineering, Inc.)r
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RESOLUTION NO. 1800
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 five years of
personal property tax abatement consideration from Value Tool & Engineering, 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 Tool & Engineering, Inc. for 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 2629
Foundation Drive.
Approved this 6t' day of October 2000 at the regular meeting of the South Bend
Redevelopment Commission.
ATTEST:
Marr-ia Jones, ce President
dp:Res 1800
SOUTH BEND REDEVELOPMENTCOMMISSION
Robert W. Hunt, President
,.r
EXHIBIT A
A parcel of land in the Southwest Quarter of Section 28, Township 38 North, Range 2 East, St.
Joseph County, Indiana.