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-4 <br />RESOLUTION NO. 743 <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 for <br />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 petition <br />for real property tax abatement consideration from Old Lathe Works <br />Partnership for real property tax abatement consideration for the <br />property located at 475 N. Niles Avenue in the South Bend Central <br />Development Area, the legal description of which is attached hereto, <br />marked Exhibit "A" and incorporated 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. IA); and <br />WHEREAS, property located at 475 N. Niles Avenue is located <br />within the South Bend Central Allocation Area (South Bend Allocation <br />Area No. 1A); <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment <br />Commission as follows: <br />1.) The Commission finds that the application of Old Lathe <br />Works Partnership for real property tax abatement consideration for <br />real property tax abatement on property located at 475 N. Niles <br />Avenue in the South Bend Central Allocation Area (South Bend <br />Allocation Area No. 1A) is hereby approved. <br />2.) That a copy of this resolution be forwarded to the South <br />Bend Common Council to indicate the Commission's approval of Old <br />Lathe Works Partnership petition for real property tax abatement. <br />Approved this 28th day of June, 1985, at the regularly <br />scheduled meeting of the South Bend Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />President <br />ATTEST: <br />Roman P1asecki, Secre ary <br />2/h <br />