6.A.(3) Resolution No. 2531 - Laserfiche WebLink

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f~ ~ ~~ l RESOLUTION NO. ?531 A RESOLUTION APPROVING AN APPLICATION FOR PERSONAL PROPERTY TAa DEDUCTION WHEREAS. LC. 6- I.1- I ?. l -?(1) prop-ides that an application fr~r property tax deduction may not be approved ~~~hen the property is located in an allocation area as detined in LC 36-7-14-39, unless the Redc~~clopmcnt Commission ~~~hich designated that allocation area adopts a resolution approving that application; and WHEREAS, the South Bend Common Council has received a petition for (5) five years of personal property tax abatement consideration ti-om Fortis Plastics, LLC for personal property located at 36i 5 Voordc Dri~~c 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 De~;clopment Area by Resolution No. 919, adopted February ?3. 1990. and in the same resolution declared the Airport Economic Dcvclopmuit Allocation Arca, Allocation Area No. 1: and WHEREAS, the property located at 3615 Drive is located ~~~ithin the Airport Economic Development Allocation Area. Allocation Area No. 1. 'SOW. "l~F[EREFORE. BE IT KESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application ti~om Fortis Plastics. LLC for (5) live years ofi personal property tax abatement consideration for property located at 3615 Voorde Drive in the Airport Economic Development Allocation Arca. Allocation Arca No. 1, should be and is hereby appro~~cd. ?) That a copy of this resolution be forwarded to the South Bend Conun<~n Council to indicate the Commission's approval of the petitio^ fior personal property tax abatement ft>r Fortis Plastics, LLC. Appro~~ed this 19th day of December. ?008. at the regularly scheduled meeting of the South Bend Rcde~elopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION A~C"TEST: