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HomeMy WebLinkAboutNo. 1927 approving an application for personal property tax deduction (Northern Indiana Canteen Corp.)RESOLUTION NO. 1927 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 Advantage Puck Technologies for personal property located at 1850 N. Sheridan Avenue 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 1850 N. Sheridan Avenue 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 Advantage Puck Technologies for five years of personal property tax abatement consideration for property located at 1850 N. Sheridan Avenue 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 Advantage Puck Technologies. Approved this 6th day of December 2002 at the regularly scheduled meeting of the South Bend Redevelopment Commission. TTEST: Na cia Join j, Vice President HAWpdata\Resolutions\Res 1927.wpd SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President .i • EXHIBIT A PARCEL 1 TAXIR012 -06 REAL PROPERTY - LEGAL DESCRIPTION 18 2184 693808 TAX 2001 PAY 2002 NORTHERN INDIANA CANTEEN CORP. 1850 N. SHERIDAN SOUTH BEND, IN 46628 LEGAL DESC 1: SOUTH PART LOT 9 -A 2: INDUSTRIAL PARK 3: SEC 33 -38 -2E PARCEL 2 TAXIR012 -06 REAL PROPERTY - LEGAL DESCRIPTION 25 1006 029901 TAX 2001 PAY 2002 CANTEEN CORP. 1850 N. SHERIDAN SOUTH BEND, IN 46628 LEGAL DESC 1: SW 1 -4 OF THE NE 1 -4 2: SEC 33 -38 -2E 3: BEG 135.18'N OF THE 4: SW COR 1.29 AC 10 (Revised 8/2/02)