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RESOLUTION NO. 1135 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6 -1.1- 12.1 -2(j) provides that an application <br />for property tax deduction may not be approved when the property is <br />located in an allocation area as defined in I.C. 36- 7- 14 -39, unless <br />the Redevelopment Commission which designated that allocation area <br />adopts a resolution approving that application; and <br />WHEREAS, the South Bend Common Council has received a <br />petition for ten years of real property tax abatement consideration <br />from Coyne Investments Limited Partnership for real property <br />located at 119 West Wayne Street in the South Bend Central <br />Development Area, the legal description of which is attached <br />hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the South Bend Central <br />Development Area by Resolution No. 737, adopted May 10, 1985, and <br />in the same resolution declared the South Bend Central Development <br />Area, Allocation Area No. 1A; and <br />WHEREAS, the property located at 119 West Wayne Street is <br />located within the South Bend Central Development Area, Allocation <br />Area No. IA; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission as follows: <br />1) The Commission finds that the application from Coyne <br />Investments Limited Partnership for ten years of real property tax <br />abatement consideration for property located at 119 West Wayne <br />Street in the South Bend Central Development Area, Allocation Area <br />No. 1A, is hereby approved. <br />2) That a copy of this resolution be forwarded to the South <br />Bend Common Council to indicate the Commission's approval of the <br />petition for real property tax abatement for Coyne Investments <br />Limited Partnership. <br />Approved this 19th day of February, 1993, at the regularly <br />scheduled meeting of the South Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Paula N. Auburn, President <br />ATTEST: <br />Theo F. Sharp, Secret <br />Res1135 <br />