No. 1974 approving an application for real property tax deduction (Bravokilo, Inc.)

Home Browse Search

RESOLUTION NO. 1974 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 three (3) years of real property tax abatement consideration from Bravokilo, Inc. for real property located at 121 W. LaSalle Avenue in the South Bend Central Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the South Bend Central Development Area by Resolution No. 737, adopted May 10, 1985, and in the same resolution declared the South Bend Central Development Area, Allocation Area No. IA; and WHEREAS, the property located at 121 W. LaSalle Avenue is located within the South Bend Central Development Area, Allocation Area No. 1 A; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment ILCommission as follows: 1) The Commission finds that the application from Bravokilo, Inc. for three (3) years of real property tax abatement consideration for property located at 121 W. LaSalle Avenue in the South Bend Central Development Area, Allocation Area No. 1 A, 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 Bravokilo, Inc. Approved this 2nd day of May 2003 at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION y Robert W. Hunt, President ATTEST: Marcia I. Jone ice President HAWpdata\Resolutions\RES 1974.wpd