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<br />RESOLUTION NO. 2259 <br />i 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 forpropertytax 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 (7) seven years of <br />real property tax abatement consideration from LNW Partners, LLP, d/b/a We R Xhibits, for real <br />property located at 4260 Ralph Jones Drive in the Airport Economic Development Area, the legal <br />description of which is attached hereto, marked Exhibit "A" and incorporated herein; and <br />WHEREAS, this Commission declared the Airport Economic Development Area by <br />Resolution No. 919, adopted Febniary 23, 1990, and in the same resolution declared the Airport <br />Economic Development Allocation Area, Allocation Area No. l; and <br />WHEREAS, the property located at 4260 Ralph Jones Drive 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 LNW Partners, LLP, d/b/a We R Xhibits <br />for (7) seven years of real property tax abatement consideration for property located at 4260 Ralph <br />Jones Drive in the Airport Economic Development Allocation Area, Allocation Area No. 1, should <br />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 LNW Partners, <br />LLP, d/b/a We R Xhibits. <br />Approved this 21st day of July at the regular meeting of the South Bend Redevelopment <br />Commission. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />Marcia I. Jones, ident <br />• <br />