No. 1579 approving an application for real property tax deduction (Kovas Door Company, 4073 Meghan Beeler Ct.)

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RESOLUTION NO. 1579 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6 -1.1- 12.1- 2(1)provides that an applicationfor 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 three years of real property tax abatement consideration from Kovas Door Company for real property located on the east part of Lot #1 of the West Cleveland Road Industrial Park (to be commonly known as 4073 Meghan Beeler Court) 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 on the east part of Lot #1 of the West Cleveland Road Industrial Park (to be commonly known as 4073 Meghan Beeler Court) 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 Kovas Door Company for three years of real property tax abatement consideration for property located on the east part of Lot #1 of the West Cleveland Road Industrial Park (to be commonly known as 4073 Meghan Beeler Court) in the Airport Economic Development Allocation Area, AllocationArea No. 1, 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 Kovas Door Company. Approved this 20th day of February, 1998 at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President ATTEST: Paula N. Auburn, Secretary vb:Resl579