HomeMy WebLinkAboutNo. 1149 approving an application for real property tax deduction (Aledo Company, LLC, dba: O-T-D Corporation, 3722 Foundation Ct.)RESOLUTION NO. 1149
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 three (3) 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 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 three (3) 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, is hereby approved.
2) That a copy of this resolution be forwarded to the South
Bend Common Council to indicate the Commissions 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: 1
C
Theo F. Sharp, ecret
Res1149
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.