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RESOLUTION NO. 1051 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />PERSONAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6 -1.1- 12.1 -2(j) provides that an application for <br />personal property tax deduction may not be approved when the <br />property is located in an allocation area as defined in I.C. <br />36- 7- 14 -39, unless the Redevelopment Commission which designated <br />that allocation area adopts a resolution approving that <br />application; and <br />WHEREAS, the South Bend Common Council has received a petition <br />for five years of personal property tax abatement consideration <br />from The South Bend Tribune Corp., for personal property located at <br />213 -225 West Colfax Ave. in the South Bend Central Development <br />Area, the legal description of which is attached hereto, marked <br />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 213 -225 West Colfax Ave. is <br />located within the South Bend Central Development Area, Allocation <br />Area No. 1A; <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1) The Commission finds that the application from The South <br />Bend Tribune Corp., for five years of personal property tax <br />abatement consideration for property located at 213 -225 West Colfax <br />Ave. 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 personal property tax abatement for The South Bend <br />Tribune Corp. <br />Approved this 10th day of April, 1992, at the regularly <br />scheduled meeting of the South Bend Redevelopment Commission. <br />ATTEST: <br />Philip J. F <br />Res1051 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />q J', /L,). <br />Paula N. Auburn, President <br />sistant Secretary <br />