No. 1504 approving an application for real property tax deduction (American Home Dreams, Inc., 315 E. Broadway St.)

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RESOLUTION NO. 1504 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 deductionmay 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 American Home Dreams, Inc. for real property located at 315 E. Broadway 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 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 at 315 E. Broadway Street is 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 American Home Dreams, Inc. for five years of real property tax abatement consideration for property located at 315 E. Broadway 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 American Home Dreams, Inc. Approved this 2nd day of May 1997, at the regularly scheduled meeting of the South Bend Redevelopment Commission. S. ATTEST: Paula N. Auburn, Secretary VB:Resl504 SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President