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RESOLUTION NO. 1194 <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 deduction <br />may not be approved when the property is located in an allocation area as defined in I. C. <br />36- 7- 14 -39, unless the Redevelopment Commission which designated that allocation area adopts <br />a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for ten years of real <br />property tax abatement consideration from the South Bend Redevelopment Commission on behalf <br />of RKE, Inc. (dba: Stephenson Mill, Inc.) for real property located at 322 E. Colfax Avenue in <br />the South Bend Central Development Area, the legal description of which is attached hereto, <br />marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the South Bend Central Development Area by <br />Resolution No. 737, adopted May 10, 1985, and in the same resolution declared the South Bend <br />Central Development Area, Allocation Area No. 1A; and <br />WHEREAS, the property located at 322 E. Colfax Avenue is located within the South Bend <br />Central Development Area, Allocation Area No. IA; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from the South Bend Redevelopment <br />Commission on behalf of RKE, Inc. (dba: Stephenson Mill, Inc.) for ten years of real property <br />tax abatement consideration for property located at 322 E. Colfax Avenue in the South Bend <br />Central Development Area, Allocation Area No. 1A, 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 the South <br />Bend Redevelopment Commission on behalf of RKE, Inc. (dba: Stephenson Mill, Inc.) <br />Approved this 17th day of September 1993, at the regularly scheduled meeting of the South <br />Bend Redevelopment Commission. <br />-V —V: IW I <br />m VIA <br />Res 1194 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />1 <br />Paula N. Auburn, President <br />