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RESOLUTION NO. 2471 <br />A RESOLUTION APPROVING AN APPLICATION FOR <br />REAL PROPERTY TAX DEDUCTION <br />WHEREAS, I.C. 6-1.1-12.1-2(1) provides that an application for property tax deduction may <br />not be approved when the property is located in an allocation area as defined in I.C. 36-7-14-39, <br />unless the Redevelopment Commission which designated that allocation area adopts a resolution <br />approving that application; and <br />WHEREAS, the South Bend Common Council has received a petition for seven (7) years of <br />real property tax abatement consideration from Foxtrot Realty Corporation the real estate holding <br />company for GTA Containers, Incorporated, for real property located at 4201 Linden Avenue in the <br />Airport Economic Development Area, the legal description of which is attached hereto, marked <br />Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by <br />Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport <br />Economic Development Allocation Area, Allocation Area No. 1; and <br />WHEREAS, the property located at 4201 Linden Avenue is located within the Airport <br />Economic Development Allocation Area, Allocation Area No. 1. <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission <br />as follows: <br />1) The Commission finds that the application from Foxtrot Realty Corporation the real estate <br />holding company for GTA Containers, Incorporated, for seven(7) years of real property tax <br />abatement consideration for property located at 4201 Linden Avenue in the Airport Economic <br />Development Allocation Area, Allocation Area No. 1, should be and is hereby approved. <br />2) That a copy of this resolution be forwarded to the South Bend Common Council to <br />indicate the Commission's approval of the petition for real property tax abatement for Foxtrot Realty <br />Corporation (GTA Containers, Incorporated). <br />Approved this 18th day of July, 2008, at the regular meeting of the South Bend <br />Redevelopment Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Marcia I. Jones, Presi~fit <br />ATTEST: <br />Gre y oones, ecretary <br />