6B(1) Resolution No. 2776 - Laserfiche WebLink

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RESOLUTION NO. 2776 ~' ~ ~ ~~ A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 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 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 (5) five years of real property tax abatement consideration from Markus and Krupali Krusche for real property located at 926 North St. Peter Street in the Northeast Neighborhood Development 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 Northeast Neighborhood Development Area by Resolution No. 2016, adopted November 17, 2003, and in the same resolution declared the Northeast Neighborhood Development Area Allocation Area; and WHEREAS, the property located at 926 North St. Peter Street is located within the Northeast Neighborhood Development Area Allocation Area; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Markus and Krupali Krusche for (5) five years of real property tax abatement consideration for property located at 926 North St. Peter Street in the Northeast Neighborhood Development Area Allocation Area 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 Markus and Krupali Krusche. Approved this 1st day of October, 2010, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST: