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Home My WebLink AboutNo. 1593 approving an application for real property tax deduction (Cobra Development, LLC, 3735 William Richardson Dr.)RESOLUTION NO. 1593 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, 1. 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 three years of real property tax abatement consideration from Cobra Development, LLC for real property located on Lot #8A Toll Road Industrial Park (3735 William Richardson 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 on Lot #8A Toll Road Industrial Park (3735 William Richardson 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 Cobra Development, LLC for three years of real property tax abatement consideration for property located on Lot #8A Toll Road Industrial Park (3735 William Richardson 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 real property tax abatement for Cobra Development, LLC. Approved this 20th day of March, 1998 at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: �2 0�- - "a&91 I Eugenia S. Schwartz, Secretary vb:Res1593 EXHIBIT A COBRA DEVELOPMENT, LLC Lot Numbered Eight A (8A) as shown on the recorded Plat of Toll Road Industrial Park Second Minor Subdivision, recorded December 1, 1995 as Document 9540654 in the Office of the Recorder of St. Joseph County, Indiana.