No. 0749 approving an application for real property tax deduction (Lowes, Inc., 350 S. Columbia)

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RESOLUTION NO. 749 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 real property tax abatement consideration from Lowes, Inc. for real property tax abatement consideration for the property located at 350 S. Columbia 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, property located at 350 S. Columbia 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 Lowes, Inc. for real property tax abatement consideration for real property located at 350 S. Columbia 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 Lowes, Inc. petition for real property tax abatement. Approved this 13th day of September, 1985, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION �-� Jay N�mtz , fires iden ATTEST: 7�nfio.h. � "rr Roman Piasecki, Secretary 2/h