HomeMy WebLinkAboutNo. 1975 approving an application for personal property tax deduction (Gibbs Wire and Steel Co., Inc.)RESOLUTION NO. 1975
C, 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 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 (5) years of
personal property tax abatement consideration from Gibbs Wire and Steel Company, Inc. for
personal 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 and Steel Company, Inc. for
five (5) years of personal 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 personal property tax abatement for Gibbs
Wire and Steel Company, Inc.
Approved this 2nd day of May 2003 at the regularly scheduled meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
Marcia I. Jon Vice-President
H A W pdata\Reso tutions\RES 1975.wpd
EXHIBIT A
LOT NUMBERED ONE (1) AS SHOWN ON THE RECORDED PLAT OF GIBBS' OLIVE
ROAD MINOR SUBDIVISION RECORDED JUNE 2, 2000 AS DOCUMENT NUMBER
0026450 IN THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA.
G
�m