No. 0815 approving an application for real property tax deduction (Ivy Tower Corporation, 635 S. Lafayette Blvd.)

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RESOLUTION NO. 815 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6- 1.1- 12.1 -2(j) provides that an application for property tax deduction may not be approved when the property is located in an allocation area as defined in I.C. 36- 7- 14 -39, unless the Redevelopment Commission, which designated that allocation area, adopts a resolution approving that application; and WHEREAS, the South Bend Common Council has received a petition for ten years of real property tax abatement consideration from Ivy Tower Corporation for real property located at 635 S. Lafayette Blvd. in the Studebaker Corridor Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Studebaker Corridor Development Area by Resolution No. 762 adopted January 10, 1986 and in the same resolution declared the Studebaker Corridor Allocation Area (South Bend Allocation Area No. 6); and WHEREAS, the property located at 635 S. Lafayette Blvd. is located within the Studebaker Corridor Allocation Area (South Bend Allocation Area No. 6); NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1.) The Commission finds that the application of Ivy Tower Corporation for ten years of real property tax abatement consideration located at 635 S. Lafayette Blvd. in the Studebaker Corridor Allocation Area (South Bend Allocation Area No. 6) is hereby approved. 2.) That a copy of this resolution be forwarded to the South Bend Common Council to indicate the Commission's approval of the Ivy Tower Corporation petition for real property tax abatement. Approved this 23rd day of October, 1987, at the regularly awl scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST: 461 � 4-,W-L- I .14 Roman Piasecki, Secretary 2/h