HomeMy WebLinkAboutNo. 1801 approving an application for real property tax deduction (Gibbs Wire & Steel Co., Inc.)i
RESOLUTION NO. 1801
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 ten years of real
property tax abatement consideration from Gibbs Wire & Steel Company, Inc. for real property
located at 3751 Olive Road 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 3751 Olive Road 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 Gibbs Wire & Steel Company, Inc. for
ten years of real property tax abatement consideration for property located at 3751 Olive Road 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 Gibbs Wire
& Steel Company, Inc.
Approved this 20' day of October 2000 at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENTCOMMISSION
Robert W. Hunt, President
ATTEST:
Mareia Jones; Vice President
dp:Res1801
EXHIBIT A
LOT NUMBERED ONE (1) AS SHOWN ON THE RECORDED PLAT OF GIBBS' OLIVE
ROAD MINOR SUBDMSION RECORDED JUNE 2, 2000 AS DOCUMENT NUMBER
0026450 IN THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA.
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