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1011Y�1&ItIIQzIz[QaFb ►A] <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 <br />may not be approved when the property is located in an allocation area as defined in I.C. <br />36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area adopts <br />a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for three years of <br />real property tax abatement consideration from South Bend Redevelopment Commission on <br />behalf of SBCC Development Corp. for real property located at 122 South Michigan Street in the <br />South Bend Central Development Area, the legal description of which is attached hereto, marked <br />Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the South Bend Central Development Area by <br />Resolution No. 737, adopted May 10, 1985, and in the same resolution declared the South Bend <br />Central Development Area, Allocation Area No. 1 A; and <br />WHEREAS, the property located at 122 South Michigan Street is located within the <br />South Bend Central Development Area, Allocation Area No. IA; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from South Bend Redevelopment <br />Commission on behalf of SBCC Development Corp. for six years of real property tax abatement <br />consideration for property located at 122 South Michigan Street in the South Bend Central <br />Development Area, Allocation Area No. 1 A, 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 South <br />Bend Redevelopment Commission on behalf of SBCC Development Corp. <br />Approved this 6th day of February 1998, at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Robert W. Hunt, President <br />ATTEST: <br />Paula N. Auburn, Secretary <br />vb:Resl573 <br />