HomeMy WebLinkAboutNo. 2178 approving an application for real property tax development (Ancatrice, LLC, 115 S. Hill St.)RESOLUTION NO. 2178
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, T.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 seven years of
real property tax abatement consideration from Ancatrice, LLC for real property located at 115
South Hill 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. IA; and
WHEREAS, the property located at 115 South Hill Street is located within the South
Bend Central Development Area, Allocation Area No. IA;
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from Ancatrice, LLC for seven years of
real property tax abatement consideration for property located at 115 South Hill Street in the
South Bend Central Development Area, Allocation Area No. I 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 Ancatrice,
LLC
Approved this 15th day of July 2005 at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, es4dent
ATTEST:
Robert W. Hunt, Secretary
E
•
Section 8 - Exhibit A: Legal Description of the Property
Lot Numbered One Hundred Sixty-six (166) as shown on the recorded Plat of Samuel L.
Cottrell's First Addition to the Town of Lowell, now part of the City of South Bend,
recorded April 28, 1854 in Plat Book "T", page 236 in the Office of the Recorder of St.
Joseph County, Indiana.
Commonly known as: 115 South Hill Street, South Bend, IN 46617
PetitionfTax Abatement Al