HomeMy WebLinkAboutNo. 1838 approving an application for personal property tax deduction (Allied Products Corp.)RESOLUTION NO. 1838
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6- 1.1- 12.1 -2(l) provides that an application for personal 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 Bowne of South Bend, Inc. (BSB) and BSB's
Wholly Owned LLC Subsidiaries for personal property located at 5021 Nimtz Parkway 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 5021 Nimtz Parkway 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 Bowne of South Bend, Inc. (BSB) and
BSB's Wholly Owned LLC Subsidiaries for five years of personal property tax abatement
consideration for property located at 5021 Nimtz Parkway 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 Bowne
of South Bend, Inc. (BSB) and BSB's Wholly Owned LLC Subsidiaries.
Approved this 15t' day of June 2001 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
,
Philip J. i;. ecretary
dp:Resl 838