Laserfiche WebLink
N <br />RESOLUTION NO. 1412 <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 <br />in I.C. 36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation <br />area adopts a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for ten years of <br />real property tax abatement consideration from the South Bend Redevelopment Commission <br />for the benefit of The Management Consortium, Inc. for real property located at 5820 West <br />F. Jay Nimtz Parkway in the Airport Economic Development Area, the legal description of <br />which is attached hereto, marked Exhibit "A" and 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 />Airport Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 5820 West F. Jay Nimtz Parkway is located <br />within the 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 fmds that the application from the South Bend Redevelopment <br />Commission for the benefit of The Management Consortium, Inc. for ten years of real <br />property tax abatement consideration for property located at 5820 West F. Jay Nimtz <br />Parkway in the Airport Economic Development Allocation Area, Allocation Area No. 1, <br />should be and is hereby approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council <br />to indicate the Commission's approval of the petition for real property tax abatement for the <br />South Bend Redevelopment Commission for the benefit of The Management Consortium, <br />Inc. <br />Approved this 19th day of January 1996, at the regularly scheduled meeting of the <br />South Bend Redevelopment Commission. <br />ATTEST: <br />William P. Hojna ', Secretary <br />ML:Res1412 <br />In <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Paula N. Auburn, President <br />