No. 0805 approving an application for real property tax deduction (River Glen South associates, 422 E. Monroe)

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RESOLUTION NO. 805 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 six years of real property tax abatement consideration from River Glen South Associates for real property located at 422 E. Monroe in the South Bend Central Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the South Bend Central Development Area by Resolution No. 737 adopted May 10, 1985 and in the same resolution declared the South Bend Central Allocation Area (South Bend Allocation Area No. 1A); and WHEREAS, the property located at 422 E. Monrore is located within the South Bend Central Allocation Area (South Bend Allocation Area No. 1A); NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1.) The Commission finds that the application of River Glen South Associates for six years of real property tax abatement consideration located at 422 E. Monroe in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) 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 River Glen South Associates petition for real property tax abatement. Approved this 26th day of June, 1987, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST: Roman Piasec i Aecretary 2/h