No. 1395 approving an application for real property tax deduction (M & K Associates, 1024 S. Main St.)

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RESOLUTION NO. 1395 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6-1.1- 12.1 -2(1) provides that an application for property tax deduction may 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 three (3) years of real property tax abatement consideration from the M & K Associates for real property located 1024 South Main 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 property located at 1024 South Main 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 M & K Associates for three (3) years of real property tax abatement consideration for property located at 1024 South Main Street in the Sample -Ewing Development Area, Allocation Area No. 8, 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 M & K Associates. Approved this 1st day of December, 1995, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Philip J. Fa , President ATTEST: Robert W. Hunt, Secretary ML:Res1395