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RESOLUTION NO. 1446 <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 <br />deduction may not be approved when the property is located in an allocation area as defined in <br />I. C. 36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area <br />adopts a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for six (6) years <br />of real property tax abatement consideration from Aledo Company, L.L.C. (DBA: O -T -D <br />Corporation) for real property located at 3722 Foundation Court in the Airport Economic <br />Development Area, the legal description of which is attached hereto, marked Exhibit "A" and <br />incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by <br />Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the <br />ry Airport Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 3722 Foundation Court is located within the <br />Airport Economic Development Allocation Area, Allocation Area No. 1; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from Aledo Company, L.L.C. (DBA: <br />O -T -D Corporation) for six (6) years of real property tax abatement consideration for property <br />located at 3722 Foundation Court in the Airport Economic Development Allocation Area, <br />Allocation Area No. 1, 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 Aledo <br />Company, L.L.C. (DBA: O -T -D Corporation). <br />Approved this 2nd day of April, 1993, at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Paula N. Auburn, President <br />ATTEST: <br />William P. H 6c1d, Secretary <br />vb:Resl446 <br />