HomeMy WebLinkAboutNo. 1475 approving an application for personal property tax deduction (Exacto, Inc., 1137 S. Lafayette Blvd.)RESOLUTION NO. 1475
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 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 Exacto, Inc. of South Bend for personal
property located at 1137 South Lafayette Boulevard in the Sample -Ewing Development Area,
the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein;
and
WHEREAS, this Commission declared the Sample -Ewing Development Area by
Resolution No. 1222, adopted February 4, 1994, and in the same resolution declared the
Sample -Ewing Development Area, Allocation Area No. 8; and
WHEREAS, the property located at 1137 South Lafayette Boulevard is located within
the Sample -Ewing Development Area, Allocation Area No. 8;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from Exacto, Inc. of South Bend for five
years of personal property tax abatement consideration for property located at 1137 South
Lafayette Boulevard in the Sample -Ewing Development Area, Allocation Area No. 8, 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
Exacto, Inc. of South Bend.
Approved this 15th day of November 1996, at the regularly scheduled meeting of the
South Bend Redevelopment Commission.
SO BEND REDEVELOPMENT COMMISSION
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--J - Paula N. Auburn, President
ATTEST:
William P. Hojna S retary
VB:Res1475