No. 0720 approving an application for real property tax deduction (PAI Properties, Disposition Parcel No. 4)

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RESOLUTION NO. 720 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 PAI Properties for real property tax abatement consideration for the property known as Disposition Parcel No. 4 in the Monroe - Sample Development Area, the legal description of which is attached hereto, marked Exhibit "A ", and incorporated herein; and WHEREAS, this Commission declared the Monroe - Sample Development Area by Resolution No. 633, adopted February 2, 1981, and declared South Bend Allocation Area No. 3 by Resolution No. 633, adopted February 2, 1981. WHEREAS, Disposition Parcel No. 4 in the Monroe Sample Development Area is located within South Bend Allocation Area No. 3. NOW, THEREFORE, BE IT RESOLVED BY THE South Bend Redevelopment Commission, as follows: 1. The Commission finds that the application of PAI Properties for real property tax abatement consideration for real property tax abatement on Disposition Parcel No. 4 in the Monroe - Sample Development Area 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 PAI Properties' petition for real property tax abatement. Approved this 30th day of November, 1984, at the rescheduled regular meeting of the South Bend Redevelopment Commission. ATTEST: )-0� Michael Donoho, Member REDEVELOPMENT COMMISSION Roman Piasecki, Assistant Secretary