No. 1638 approving an application for real property tax deduction (Phoenix Development, 1911 1915, 1919, 1923 S. Walnut St.)

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I... , '% L41 RESOLUTION NO. 1638 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6- 1.1- 12.1 -2(l) 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 Phoenix Development for real property located at 1911, 1915, 1919, 1923 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 Development Area 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 properties located at 1911, 1915, 1919, 1923 South Walnut Street are 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 Phoenix Development for five years of real property tax abatement consideration for property located at 1911, 1915, 1919, 1923 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 Phoenix Development. Approved this 18th day of September 1998 at the regularly scheduled meeting of the South Bend Redevelopment Commission. ATTEST: Eugeni63S. Schwartz, Secretary VB:Resl638 SOUTH B REDEVELOPMENT COMMISSION Robert W. Hunt, President