HomeMy WebLinkAboutNo. 1052 approving an application for personal property tax deduction (National Composites, Inc., 2629 Foundation Dr.)RESOLUTION NO. 1052
A RESOLUTION APPROVING AN APPLICATION FOR
PERSONAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(j) 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 National Composites, Inc., for personal property located at
2629 Foundation Drive 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 2629 Foundation Drive 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 National
Composites, Inc., for five years of personal property tax abatement
consideration for property located at 2629 Foundation Drive 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 National
Composites, Inc.
Approved this 10th day of April, 1992, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
L i�cec�C� ! v
Paula N. Auburn, President
ATTEST:
Philip J. FAVice�ada, Assistant Secretary
Res1052
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EXHIBIT A
Legal Description for 2629 Foundation Drive, South Bend, Indiana 46614:
A parcel of real property in St. Joseph County, Indiana, being 316.80 feet
North and South by 450.00 feet East and West, being a parcel of real
property which is 211.27 feet West and 1,590.40 feet North of the
Southeast corner of the Southwest Quarter of Section 28, Township 38
and Range 2 East.
This property has Key No.: 25 -1010- 040012.