6.B.(2) Resoluiton No. 2560 - Laserfiche WebLink

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~ ~~ ~ z > RESOLUTION NO. 2560 A RESOLUTION APPROVING AN APPLICA"PION FOR PERSONAL PROPERTY "TAX DEDUCTION W IIEREAS, LC. 6- L 1-12.1-2(1) provides that an application for property tax deduction may not be approved when the property is located in an allocation area as defined in 1.C. 36-7-]4-39, unless the Redevelopment Commission which designated that allocation area adopts a resolution appro~~ing that application; and WIIF_;REAS, the South Bcnd Common Council has received a petition for (5) five years of personal property tax abatement consideration from Royal Holdings, Inc. d.b.a. Royal Adhesives for real property located at 2001 West Washington Street in the West Washington-Chapin Dcvclopmcnt Area, the development area location and legal description of which are attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the West Washington-Chapin Dcvclopmcnt Area by Resolution No. 818, adopted October 23, 1987, and in the same resolution declared the West Washington-Chapin Development Arca Allocation Area (South Bend Allocation Area No. 7) and WHEREAS, the property located at 2001 West Washington Street is located within West Washington-Chapin Development Arca Allocation Area; NOW,I~HEREFORE, BE IT RESOLVED by the South Fiend Rcdcvelopment Commission as follows: 1) The Commission finds that the application from Royal Holdings, Inc. d.b.a. Royal Adhesives for (5) five years of personal property tax abatement consideration for propcrry located at 2001 Wcst Washington Street in the West Washington-Chapin Development Arca Allocation Arca should be and is hereby approved. 2) That a copy of this resolution be forwarded to the South Fiend Common Council to indicate the Commission's approval of the petition for personal property tax abatement for Royal Holdings, Inc. d.b.a. Royal Adhesives . Approved this 6th day of February, 2009, at the regular meeting of the South Bcnd Rcdcvelopment Commission. SOU"fH BG\D REDEVELOPMEN"f COMMISSION A"I~"1~ 1? S 7':