No. 1602 approving an application for real property tax deduction (SEDA)

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RESOLUTION NO. 1602 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 Redevelopment Commission, City of South Bend Board of Public Works and American Homes Dreams, Inc. for real property located in the 600 block of Pennsylvania Avenue, 1200 block of Marietta Street, 600 block of Wenger Street and 1200 block of Rush 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 to 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 in the 600 block of Pennsylvania Avenue, 1200 block of Marietta Street, 600 block of Wenger Street and 1200 block of Rush 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 Redevelopment Commission, City of South Bend Board of Public Works and American Homes Dreams, Inc. for five years of real property tax abatement consideration for property located in the 600 block of Pennsylvania Avenue, 1200 block of Marietta Street, 600 block of Wenger Street and 1200 block of Rush 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 Redevelopment Commission, City of South Bend Board of Public Works and American Homes Dreams, Inc. Approved this 15th day of May 1998 at the regularly scheduled meeting of the South Bend Redevelopment Commission. ATTEST: AN VB:Resl602 SOUTH REDEVELOPMENT COMMISSION Robert W. Hunt, President