HomeMy WebLinkAboutNo. 1600 approving an application for personal property tax deduction (Key Plastics, Inc., 3603 Progress Dr.)RESOLUTION NO. 1600
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 years of
personal property tax abatement consideration from Key Plastics, Inc., for personal property located
at 3603 Progress Drive 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 3603 Progress Drive 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 Key Plastics, Inc., for five years of
personal property tax abatement consideration for property located at 3603 Progress Drive 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 Key
Plastics, Inc.
Approved this 1 st day of May 1998 at the regular meeting of the South Bend Redevelopment
Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
Euge is S. Schwartz, Secretary
vb:Resl600
"EXHIBIT A"
LEGAL DESCRIPTION
4.73 AC BEG 195'N OF SE COR SW NE 4.73 AC SEC 33 -38 -2E