No. 2445 approving an application for real property tax deduction in the South Side Development Area (4315 S. Lafayette)

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RESOLUTION N0.2445 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6-1.1-12.1-2(1) 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 up to eight (8) years of real property tax abatement consideration from Heraeus Kulzer, Inc. for real property located at 4315 South Lafayette Blvd. in the South Side Development Area, the development area location and legal description of which are attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the South Side Development Area by Resolution No. 1928, adopted December 20, 2002, and in the same resolution declared the South Side Development Area Allocation Area (South Bend Allocation Area No. 1) and WHEREAS, the property located at 4315 South Lafayette Blvd. is located within the South Side Area Allocation Area; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment • • Commission as follows: 1) The Commission finds that the application from Heraeus Kulzer, Inc. for up to eight (8) years of real property tax abatement consideration for property located at 4315 South Lafayette Blvd. in the South Side Development Area Allocation Area should be and 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 the petition for real property tax abatement for Heraeus Kulzer, Inc. Approved this 28 day of March, 2008, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION