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RESOLUTION NO. 692 <br />A RESOLUTION APPROVING AN APPLICATION FOR REAL <br />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 Park <br />Center Associates for real property tax abatement consideration for <br />the property known as Disposition Parcel No. 10 of the Monroe - Sample <br />Development Area, the legal description which is attached hereto, <br />marked Exhibit "A," and incorporated herein; and <br />WHEREAS, this Commission declared the Monroe - Sample <br />Development Area by Resolution No. 633, adopted February 2, 1981, and <br />declared South Bend Allocation Area No. 3 by Resolution No. 633, <br />adopted February 2, 1981. <br />WHEREAS, Disposition Parcel No. 10, Monroe - Sample <br />Development Area is located within South Bend Allocation Area No. 3. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend <br />Redevelopment Commission, as follows: <br />1. The Commission finds that the application of Park Center <br />Associates for real property tax abatement consideration for real <br />property tax abatement on Disposition Parcel No. 10 in the Monroe - <br />Sample Development Area 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 Park <br />Center Associates petition for real property tax abatement. <br />REDEVELOPMENT COMMISSION <br />z' President <br />Peter 'Da�rfaldson <br />