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G RESOLUTION NO. 1878 <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 six years of real <br />property tax abatement consideration from Appletree Associates (PEI Genesis, Inc.) for real property <br />located at 1915 N. Bendix Drive in the Airport Economic Development Area, the legal description <br />of 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 />co Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 1915 N. Bendix Drive is located within the Airport <br />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 Appletree Associates (PEI Genesis, Inc.) <br />for six years of real property tax abatement consideration for property located at 1915 N. Bendix <br />Drive in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be and <br />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 Appletree <br />Associates (PEI Genesis, Inc.). <br />Approved this 28th day of March 2002 at the special meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Robert W. Hunt, President <br />ATTEST: <br />Fq�MWER <br />Sa, �ecretary <br />