HomeMy WebLinkAboutNo. 2259 approving an application for real property tax deduction (LNW Partners dba WE R Xhibits 4260 Ralph Jones Dr)
RESOLUTION NO. 2259
i A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6-1.1-12.1-2(1) provides that an application forpropertytax 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 (7) seven years of
real property tax abatement consideration from LNW Partners, LLP, d/b/a We R Xhibits, for real
property located at 4260 Ralph Jones 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 Febniary 23, 1990, and in the same resolution declared the Airport
Economic Development Allocation Area, Allocation Area No. l; and
WHEREAS, the property located at 4260 Ralph Jones 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 LNW Partners, LLP, d/b/a We R Xhibits
for (7) seven years of real property tax abatement consideration for property located at 4260 Ralph
Jones 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 LNW Partners,
LLP, d/b/a We R Xhibits.
Approved this 21st day of July at the regular meeting of the South Bend Redevelopment
Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, ident
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EXHIBIT A
LEGAL DESCRIPTION
Description: Toll Road Industrial Park, Section 5, Lots 12A and 12B, German Township, St.
Joseph County, Indiana.
Tax Key No.: 25-1013-0211.16
25-1013-0211.17
Address: 4260 Ralph Jones Drive
South Bend, IN 46628
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