HomeMy WebLinkAboutNo. 1251 approving an application for real property tax deduction (Midwest Embroidery Developers Limited Partnership, Lot 15 at Toll Road Industrial Park)RESOLUTION NO. 1251
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -20) provides that an application for real 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 ten years of
real property tax abatement consideration from Midwest Embroidery Developers Limited
Partnership, for real property located at Toll Road Industrial Park, Lot 15 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 Toll Road Industrial Park, Lot 15 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 Midwest Embroidery Developers
Limited Partnership, for ten years of real property tax abatement consideration for property
located at Toll Road Industrial Park, Lot 15 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 real property tax abatement for
Midwest Embroidery Developers Limited Partnership.
Approved this 20th day of May, 1994, at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
I.tiMM *"
Theo F. Sharp/, Secre
ML:Res1251
Im
SOUTH BEND REDEVELOPMENT COMMISSION
1,3
Paula N. Auburn, President
E X H I B I T A
Toll Road Industrial Park, Section 6, Lot 15