HomeMy WebLinkAboutNo. 1596 approving an application for personal property tax deduction O-T-D Corporation, 3722 Foundation Ct.)RESOLUTION NO. 1596
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 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 O -T -D Corporation for personal property
located at 3722 Foundation 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 Area, Allocation Area No. 1; and
NO WHEREAS, the property located at 3722 Foundation Court is located within the
Airport Economic Development 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 O -T -D Corporation for five years
of personal property tax abatement consideration for property located at 3722 Foundation
Court in the Airport Economic Development 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
O -T -D Corporation.
Approved this 17th day of April 1998 at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
vb:res1596
EXHIBIT A
LEGAL DESCRIPTION OF PROPERTY
INDIANA
LOT NUMBERED TWO (2) AS SHOWN ON THE RECORDED PLAT OF METRO -
ALEDO MINOR SUBDIVISION, RECORDED OCTOBER 31, 1994 IN THE OFFICE OF
THE RECORDER OF ST. JOSEPH COUNTY, INDIANA, AS INSTRUMENT NO. 9440809,
SITUATED IN ST. JOSEPH COUNTY, STATE OF INDIANA.