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RESOLUTION NO. 2660 <br />• A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6- 1.1- 12.1 -2(1) provides that an application for property tax deduction may <br />not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39, <br />unless the Redevelopment Commission which designated that allocation area adopts a resolution <br />approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for up to six (6) years <br />of real property tax abatement consideration from BW Business Park, LLC on behalf of Olive <br />Cleveland Partners, LLC for real property identified as Lots No. 14 and 15 on Vorden Parkway <br />adjacent to3751 Olive Road in the Airport Economic Development Area, the legal description of <br />which is attached hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by <br />Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport <br />Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property identified as Lots No. 14 and 15 on Vorden Parkway is located <br />within the Airport Economic Development Allocation Area, Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from BW Business Park, LLC on behalf of <br />Olive Cleveland Partners, LLC for up to six (6) years of real property tax abatement consideration <br />for property identified as Lots No. 14 and 15 on Vorden Parkway adjacent to3751 Olive Road in the <br />Airport Economic Development Allocation Area, Allocation Area No. 1, should be and is hereby <br />approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council to <br />indicate the Commission's approval of the petition for real property tax abatement for Olive <br />Cleveland Partners, LLC. <br />Approved this 5f day of March, 2610, at the regular meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Marcia I. Jones, Prebdent <br />ATTEST: <br />Nancy N. King, Se etary <br />