Laserfiche WebLink
+" <br />RESOLUTION NO. 1785 <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 three years of real <br />property tax abatement consideration from the South Bend Redevelopment Commission on behalf <br />of Draga Investments, LLC for real property located at Lot 14, US 31 Industrial Park in the Airport <br />Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" <br />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 located at Lot 14, US 31 Industrial Park is located within the <br />Airport 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 the South Bend Redevelopment <br />Commission on behalf of Draga Investments, LLC for three years of real property tax abatement <br />consideration for property located at Lot 14, US 31 Industrial Park in the Airport Economic <br />Development 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 the South <br />Bend Redevelopment Commission on behalf of Draga Investments, LLC. <br />Approved this 21th day of July 2000 at the regular meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />ATTEST: <br />dp:Resl785 <br />Robert W. Hunt, President <br />