No. 2045 approving an application for real property tax deduction (1309, 1325, 1329, 1405, 1408 W. Washington)

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RESOLUTION NO. 2045 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 five years of real property tax abatement consideration from South Bend Heritage Foundation, Inc. for property located at 1309, 1325, 1329, 1405 and 1408 W. Washington St. in the West Washington- Chapin Development Area, the legal description of which is 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 Allocation Area (Allocation Area No. 7); and WHEREAS, the property located at 1309, 1325, 1329, 1405 and 1408 W. Washington St. is located within the West Washington- Chapin Allocation Area (Allocation Area No. 7); NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from South Bend Heritage Foundation, Inc. for five years of real property tax abatement consideration for property located at 1309, 1325, 1329, 1405 and 1408 W. Washington St. in the West Washington- Chapin Allocation Area (Allocation Area No. 7), 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 South Bend Heritage Foundation, Inc. Approved this 5th day of March, 2004 at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: Philip J. Fa4ndd, Secretary