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RESOLUTION NO. 1509 <br />to 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 C.D.T., L.L.C. for real property located at <br />Southeast Corner of Corby Boulevard and Niles Avenue in the South Bend Central Development <br />Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated <br />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 Southeast Corner of Corby Boulevard and Niles <br />Avenue is located within the South Bend Central Development Area, Allocation Area No. 1 A; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from C.D.T., L.L.C. for three years of real <br />property tax abatement consideration for property located at Southeast Corner of Corby <br />Boulevard and Niles Avenue in the South Bend Central Development Area, Allocation Area No. <br />IA, should be and is hereby approved, so long as the use of the project is consistent with the <br />application for tax abatement, single family owner - occupied dwelling units, and that the use is <br />specified and required in a recordable document satisfactory to the Commission. <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 C.D.T., <br />L.L.C. <br />Approved this 16th day of May 1997, 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:Resl509 <br />