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RESOLUTION NO. 784 <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 years of real property tax abatement <br />consideration from Transwestern Investment, Inc. for real property <br />located in the 800 block of South Lafayette in the Studebaker <br />Corridor Development Area, the legal description of which is <br />attached hereto, marked Exhibit "A" and incorporated 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 in the 800 block of South <br />Lafayette is located within the Studebaker Corridor Allocation Area <br />(South Bend 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 />Transwestern Investment, Inc. for three years of real <br />property tax abatement consideration for property <br />located in the 800 block of South Lafayette in the <br />Studebaker Corridor Allocation Area (South Bend <br />Allocation Area No. 6) is hereby approved. <br />2.) That a copy of this resolution be forwarded <br />to the South Bend Common Council to indicate the <br />Commission's approval of Transwestern Investment, <br />Inc.'s petition for real property tax abatement. <br />Approved this 12th day of September, 1986, at the <br />regularly scheduled meeting of the South Bend Redevelopment <br />Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Lo_ v. <br />Paula N. Auburn, Vice - President <br />ATTEST: <br />Roman Piasecki, Secretary <br />2/h <br />