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RESOLUTION NO. 1259 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6 -1.1- 12.1 -20) 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 three years <br />of real property tax abatement consideration from South Bend Redevelopment Authority on <br />behalf of Rick E. and Vickie D. Newman (dba: Crystal Mountain, Inc.), for real property <br />located at Lot 4, Toll Road Industrial Park in the Airport Economic Development Area, the <br />legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; <br />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 Lot 4, Toll Road Industrial Park is located within <br />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 finds that the application from South Bend Redevelopment <br />Authority on behalf of Rick E. and Vickie D. Newman (dba: Crystal Mountain, Inc.) for <br />three years of real property tax abatement consideration for property located at Lot 4, Toll <br />Road Industrial Park in the Airport Economic Development Allocation Area, Allocation Area <br />No. 1, 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 South <br />Bend Redevelopment Authority on behalf of Rick E. and Vickie D. Newman (dba: Crystal <br />Mountain, Inc.). <br />Approved this 3rd day of June, 1994, 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 />ML:Res1259 <br />