No. 1696 approving an application for real property tax deduction (Dynamic R.E.H.C., Inc., 4747 and 4775 Ameritech Dr.)

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y RESOLUTION NO. 1696 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 the South Bend Redevelopment Commission on behalf of Dynamic R.E.H.C., Inc. for real property located at 4747 and 4775 Ameritech Drive in the Airport Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Airport Economic Development Area by Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport Economic Development Allocation Area, Allocation Area No. 1; and WHEREAS, the property located at 4747 and 4775 Ameritech Drive is located within the Airport Economic Development Allocation Area, Allocation Area No. 1. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from the South Bend Redevelopment Commission on behalf of Dynamic R.E.H.C., Inc. for ten years of real property tax abatement consideration for property located at 4747 and 4775 Ameritech Drive in the Airport Economic Development Allocation Area, Allocation Area No. 1, 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 the South Bend Redevelopment Commission on behalf of Dynamic R.E.H.C., Inc. Approved this 2nd day of July 1999 at the regular meeting of the South Bend Redevelopment Commission. SO REDEVELOPMENT COMMISSION ATTEST: vb:Res 1696 I WON Robert W. Hunt, President