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RESOLUTION NO.�, S <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 eight (8) <br />years of real property tax abatement consideration from SBG Realty, LLC for real property <br />identified as Lot 10A as shown on the Plat of "H.G. Baus Centre- Phase One First Replat" <br />Subdivision recorded by Document 0746267 in the Records of the Recorder of St. Joseph County, in <br />the Airport Economic Development Area, the legal description of which is attached hereto, marked <br />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 Lot 10 A as shown on the Plat of "H.G. Baus Centre - <br />Phase One First Replat" is located within the Airport Economic Development Allocation Area, <br />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 SBG Realty, LLC for up to eight (8) <br />years of real property tax abatement consideration for property identified as Lot l OA as shown on the <br />Plat of "H.G. Baus Centre- Phase One First Replat" Subdivision recorded by Document 0746267 in <br />the Records of the Recorder of St. Joseph County, in the Airport Economic Development <br />Allocation Area, Allocation Area No. 1, should be and is hereby 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 SBG Realty, <br />LLC. <br />Approved this 3rd day of January, 2011, at the regular meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />%� Da Varner, Vice President <br />ATTEST: <br />Nancy N. King, Sedretary <br />