No. 1313 approving an application for real property tax deduction (John & Lai Lo Gould, Commonwealth Corp., 2422 Viridian Dr.)

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RESOLUTION NO. 1313 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I. C. 6 -1.1- 12.1 -20) provides that an application for real 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 years of real property tax abatement consideration from John and Lai Lo Gould (dba: Commonwealth Corp.) for real property located at 2422 Viridian Drive in the Airport Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Airport Economic Development Area by Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport Economic Development Area, Allocation Area No. 1; and WHEREAS, the property located at 2422 Viridian Drive is located within the Airport Economic Development Area, Allocation Area No. 1; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from John and Lai Lo Gould (dba: Commonwealth Corp.), for three years of real property tax abatement consideration for property located at 2422 Viridian Drive in the Airport Economic Development Area, Allocation Area No. 1, 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 John and Lai Lo Gould (dba: Commonwealth Corp.). Approved this 6th day of January, 1995, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ML:resl313