No. 2260 approving an application for real property tax deduction (South Bend Chocolate 128 S Michigan)

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RESOLUTION NO. 2260 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, I.C. 6-1.1-12.1-2(I) 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 (5) five years of real property tax abatement consideration from The South Bend Chocolate Company for real property located at 128 South Michigan Street in the South Bend Central Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the South Bend Central Development Area by Resolution No. 737, adopted May 10, 1985, and in the same resolution declared the South Bend Central Development Area, Allocation Area No. 1 A; and WHEREAS, the property located at 128 South Michigan Street is located within the South Bend Central Development Area, Allocation Area No. 1 A; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission • as follows: 1) The Commission finds that the application from The South Bend Chocolate Company for (5) five years of real property tax abatement consideration for property located at 128 South Michigan Street in the South Bend Central Development Area, Allocation Area No. 1 A, 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 The South Bend Chocolate Company. Approved this 4th day of August at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Marcia I. Jones •