HomeMy WebLinkAboutNo. 2046 approving an application for real property tax deduction (TriNet Essential Facilities X, Inc. for the benefit of Cequent Towing Products Inc., 3310 William Richardson Ct.)RESOLUTION NO. 2046
A RESOLUTION APPROVING AN APPLICATION FOR
REAL 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 six years of
real property tax abatement consideration from TriNet Essential Facilities X, Inc. for the benefit
of Cequent Towing Products Inc. for real property located at 3310 William Richardson Court 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. l; and
WHEREAS, the property located at 3310 William Richardson Court 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 TriNet Essential Facilities X, Inc. for
the benefit of Cequent Towing Products Inc. for six years of real property tax abatement
consideration for property located at 3310 William Richardson Court 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 TriNet
Essential Facilities X, Inc. for the benefit of Cequent Towing Products Inc.
Approved this 19th day of March 2004 at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
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Marcia I. Jones
ATTEST:
11"1,14 lei 0
Robert W. Hunt
EXHIBIT "A"
Legal Description
3310 Richardson Court
Toll Road Industrial Park Phase II: Section One, Lot One and Section Two Lot Two