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Home My WebLink AboutNo. 1402 approving an application for personal property tax deduction (O-T-D Corporation, 3722 Foundation Ct. and 4207 Mayflower Rd.)In RESOLUTION NO. 1402 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 0-T -D Corporation, for personal property located at 3722 Foundation Court and 4207 Mayflower Road 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 WHEREAS, the property located at 3722 Foundation Court and 4207 Mayflower Road 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 and 4207 Mayflower Road in the Airport Economic Development Area, Allocation Area No. 1, 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 15th day of December 1995, at the regularly scheduled meeting of the South Bend Redevelopment Commission. ATTEST: Robert W. Hunt, Secretary ML:Resl402 SOUTH BEND REDEVELOPMENT COMMISSION - W /A Philip J. Fac if , Pre4sident F.XIRBIT A Legal Description 5.72 acres, irregular tract South side Foundation Court beginning 318.73 feet East and 52834 feet North of South West corner South East quarter being lot 6-5; Airport Industrial park, phase 3, Section 28- 38 -2E. FI: