HomeMy WebLinkAboutNo. 1184 approving an application for real property tax deduction (Turnmaster Corp., dba: South Bend Lathe Corp., 400 W. Sample St.)RESOLUTION NO. 1184
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(j) 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 ten (10) years of real property tax abatement consideration from
Turnmaster Corp. (dba: South Bend Lathe Corp.) for real property
located at 400 West Sample Street 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. 1154 adopted May 21, 1993, and in the same
resolution declared the Sample Ewing Allocation Area (South Bend
Allocation Area No. 8); and
WHEREAS, the property located at 400 West Sample Street is
located within the Sample Ewing Allocation Area (South Bend
Allocation Area No. 8);
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application of Turnmaster
Corp. (dba: Louth Bend Lathe Corp.) for ten (10) years of real
property tax abatement consideration for property located at 400 West
Sample Street in the Sample Ewing Allocation Area (South Bend
Allocation Area No. 8) 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
Turnmaster Corp.'s (dba: South Bend Lathe Corp.) petition for real
property tax abatement.
Approved this 6th day of August, 1993, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Roman J. Piase Ai, Vice President
ATTEST:
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Theo F. Sh -§e6reEag3r-
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