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RESOLUTION NO. 707 <br />A RESOLUTION APPROVING AN APPLICATION <br />FOR 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 <br />is located in an allocation area as defined in I.C. 36- 7- 14 -39, <br />unless the Redevelopment Commission which designated that <br />allocation area adopts a resolution approving that application; <br />and <br />WHEREAS, the South Bend Common Ccuncil has received a <br />petition for real property tax abatement consideration from <br />One- Three -Two Partnership, Ltd. for real property tax abatement <br />consideration for the property located at 115 West Colfax Avenue <br />of the Central Downtown Urban Renewal Area R -66, the legal <br />description for which is attached hereto, marked Exhibit "A" and <br />incorporated herein; and <br />WHEREAS, this Commission declared the Central Downtown Urban <br />Renewal Area R -66 by Resolution No. 615, adopted June 6, 1980, <br />and declared Central Downtown Urban Renewal Allocation Area No. 1 <br />by Resolution No. 615 adopted June 6, 1980; and <br />WHEREAS, the Commission expanded and redeclared the Central <br />Downtown Renewal Area by Resolution No. 690, adopted October 14, <br />1983, and therein declared Amended Allocation Area No. 1; and <br />WHEREAS, property located at 115 West Colfax Avenue is <br />located within the Central Downtown Urban Renewal Amended <br />Allocation Area No. 1. <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 />One - Three -Two Partnership Ltd. for real property <br />tax abatement consideration for real property tax <br />abatement on property located at 115 West Colfax <br />Avenue in the Central Downtown Urban Renewal <br />Amended Allocation Area No. 1 is hereby approved. <br />2. That a copy of this resolution be forwarded to the <br />South Bend Common Council to indicate the <br />CW Commission approval of One - Three -Two Partnership <br />Ltd. petition for real property tax abatement. <br />Approved <br />1984, at the <br />Redevelopment <br />ATTEST: <br />this 25th day of May <br />regularly scheduled meeting of the South Bend <br />Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />F. Jay Nimtz, President <br />i <br />�A-,--' Z)r;f <br />A. Pe er Donaldson, Secretary <br />