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LX <br />RESOLUTION NO. 802 <br />C1 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL AND PERSONAL 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 six years of real property tax abatement and five years <br />of personal property tax abatement consideration from Allied <br />Products Corporation for real property located at 601 W. Broadway in <br />the Studebaker Corridor Development Area, the legal description of <br />which is attached hereto, marked Exhibit "A" and incorporated <br />herein; and <br />WHEREAS, this Commission declared the Studebaker Corridor <br />Development Area by Resolution No. 762 adopted January 10, 1986 and <br />in the same resolution declared the Studebaker Corridor Allocation <br />Area (South Bend Allocation Area No. 6); and <br />WHEREAS, the property located at 601 W. Broadway is <br />located within the Studebaker Corridor Allocation Area (South Bend <br />Allocation Area No. 6); <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission as follows: <br />1.) The Commission finds that the application of <br />Allied Products Corporation for six years of real <br />property tax abatement and five years of personal <br />property tax abatement consideration for property <br />located at 601 W. Broadway in the Studebaker Corridor <br />Allocation Area (South Bend Allocation Area No. 6) is <br />hereby approved. <br />2.) That a copy of <br />to the South Bend Common <br />Commission's approval of <br />Corporation petition for <br />abatement. <br />this resolution be forwarded <br />Council to indicate the <br />the Allied Products <br />real and personal property tax <br />Approved this 22nd day of May, 1987, at the regularly <br />scheduled meeting of the South Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />y Nlhvtz, President <br />ATTEST: <br />tc <br />Roman Piasecki, Secretary <br />