No. 2559 approving an application for real property tax deduction (2001 W. Washington St.)

Home Browse Search

RESOLUTION NO. 2559 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I. C. 6- 1.1- 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 up to (5) five years of real 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 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 West Washington- Chapin Development Area by Resolution No. 818, adopted October 23, 1987, and in the same resolution declared the West Washington- Chapin Development Area 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 Area Allocation Area; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Royal Holdings, Inc. d.b.a. Royal Adhesives for up to (5) five years of real property tax abatement consideration for property located at 2001 West Washington Street in the West Washington- Chapin 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 Royal Holdings, Inc. d.b.a. Royal Adhesives. Approved this 6th day of February, 2009, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST David " A. Varner, Vice President Nancy N. King Secretary