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No. 0763 approving an application for real property tax deduction (East Race Properties, 322-330 E. Colfax)
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No. 0763 approving an application for real property tax deduction (East Race Properties, 322-330 E. Colfax)
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RESOLUTION NO. 763 <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 real property tax abatement consideration from East <br />Race Properties for real property located at 322 -330 E. Colfax in <br />the South Bend Central 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 South Bend Central <br />Development Area by Resolution No. 737 adopted May 10, 1985 and in <br />the same resolution declared the South Bend Central Allocation Area <br />(South Bend Allocation Area No. 1A); and <br />WHEREAS, the property located at 322 -330 E. Colfax is <br />located within the South Bend Central Allocation Area (South Bend <br />Allocation Area No. 1A); <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 />East Race Properties for real property tax abatement <br />consideration located at 322 -330 E. Colfax in the South <br />Bend Central Allocation Area (South Bend Allocation <br />Area No. 1A) 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 East Race Properties petition <br />for real property tax abatement. <br />Approved this 10th day of January, 1986, at the regularly <br />scheduled meeting of the South Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />t <br />tz, P1,esident <br />ATTEST: <br />Roman Piasecki, Secretary <br />2/h <br />Mr <br />
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