No. 1709 approving an application for real property tax deduction (Steel Warehouse Co., Inc. c/o Lock Joint Tube, Inc., 1215 S. Walnut St.)

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RESOLUTION NO. 1709 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 ten years of real property tax abatement consideration from Steel Warehouse Co. Inc. care of Lock Joint Tube, Inc. for real property located at 1215 South Walnut Street in the Sample -Ewing Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Sample -Ewing DevelopmentArea by Resolution No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample -Ewing Development Area, Allocation Area No. 8; and WHEREAS, the property located at 1215 South Walnut Street is located within the Sample - Ewing Development Area, Allocation Area No. 8; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from Steel Warehouse Co. Inc. care of Lock Joint Tube, Inc. for ten years of real property tax abatement consideration for property located at 1215 South Walnut Street in the Sample -Ewing Development Area, Allocation Area No. 8, 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 Steel Warehouse Co. Inc. care of Lock Joint Tube, Inc. Approved this 17th day of September 1999 at the regular meeting of the South Bend Redevelopment Commission. ATTEST: Philip J. Fac e d , Secr ary VB:Resl709 SO D RED DEVELOPMENT COMMISSION Robert W. Hunt, President