The URL can be used to link to this page

Home My WebLink AboutNo. 1446 approving an application for real property tax deduction (Aledo Company, L.L.C., 3722 Foundation Ct.)RESOLUTION NO. 1446 A RESOLUTION APPROVING AN APPLICATION FOR REAL 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 six (6) years of real property tax abatement consideration from Aledo Company, L.L.C. (DBA: O -T -D Corporation) for real 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 ry Airport Economic Development Allocation Area, Allocation Area No. 1; and WHEREAS, the property located at 3722 Foundation 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 Aledo Company, L.L.C. (DBA: O -T -D Corporation) for six (6) years of real property tax abatement consideration for property located at 3722 Foundation 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 Aledo Company, L.L.C. (DBA: O -T -D Corporation). Approved this 2nd day of April, 1993, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Paula N. Auburn, President ATTEST: William P. H 6c1d, Secretary vb:Resl446 i r I �1.:11: 1/:1 Legal Description 5.72 acres, irregular tract South side Foundation Court beginning 318.73 feet East and 528.34 feet North of South West corner South East quarter being lot 6 -5; Airport Industrial Park, phase 3, Section 28- 38 -2E.