HomeMy WebLinkAboutNo. 2437 approving an application for real property tax deduction (Jade Elephant Holding/Lake Michigan Mailers1r
RESOLUTION NO. 2437
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6- l . l -12.1-2(1) provides that an application for properly 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 four (4) years of
real property tax abatement consideration from Lake Michigan Mailers, Inc. on behalf of Jade
Elephant Holding, LLC, for real property located at 3445 William Richardson 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 Allocation Area, Allocation Area No. 1; and
WHEREAS, the property located at 3445 William Richardson Drive 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 Lake Michigan Mailers, Inc. on behalf of
Jade Elephant Holding, LLC, for four (4) years of real property tax abatement consideration for
property located at 3445 William Richardson Drive in the Airport Economic Development
Allocation Area, Allocation Area No. 1, should be and 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 Jade Elephant
Holding, LLC (Lake Michigan Mailers, Inc.).
Approved this 15th day of February, 2008, at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, Presid` t
ATTEST:
S. Downes, Secretary
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EXHIBIT A
LEGAL DESCRIPTION
Description: Lot Numbered Fourteen (14) as shown on the recorded Plat of the Toll Road
Industrial Park Section 6, recorded April 7, 1989 as document number 8908570 in
the Office of the Recorder of St, Joseph, County, Indiana.
Tax Key No.: 25-1013-021111
Address: 3445 William Richardson Drive
South Bend, IN 46628
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