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RESOLUTION NO. 1149 <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 three (3) years of real property tax abatement <br />consideration from Aledo Company, L.L.C. (DBA: O -T -D Corporation) <br />for real property located at 3722 Foundation Court in the Airport <br />Economic Development Area, the legal description of which is <br />attached hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic <br />Development Area by Resolution No. 919, adopted February 23, 1990, <br />and in the same resolution declared the Airport Economic <br />Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 3722 Foundation Court is <br />located within the Airport Economic Development Allocation Area, <br />Allocation Area No. 1; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission as follows: <br />1) The Commission finds that the application from Aledo <br />Company, L.L.C. (DBA: O -T -D Corporation) for three (3) years of <br />real property tax abatement consideration for property located at <br />3722 Foundation Court in the Airport Economic Development <br />Allocation Area, Allocation Area No. 1, is hereby approved. <br />2) That a copy of this resolution be forwarded to the South <br />Bend Common Council to indicate the Commissions approval of the <br />petition for real property tax abatement for Aledo Company, L.L.C. <br />(DBA: O -T -D Corporation). <br />Approved this 2nd day of April, 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: 1 <br />C <br />Theo F. Sharp, ecret <br />Res1149 <br />