HomeMy WebLinkAboutNo. 2835 approving an application for real property tax deduction (3849 Showerlux Dr.)RESOLUTION NO.�, S
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 SBG Realty, LLC for real property
identified as Lot 10A as shown on the Plat of "H.G. Baus Centre- Phase One First Replat"
Subdivision recorded by Document 0746267 in the Records of the Recorder of St. Joseph County, in
the Airport Economic Development Area, the legal description of which is attached hereto, marked
Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the Airport Economic Development Area by
Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport
Economic Development Allocation Area, Allocation Area No. 1; and
WHEREAS, the property identified as Lot 10 A as shown on the Plat of "H.G. Baus Centre -
Phase One First Replat" is located within the Airport Economic Development Allocation Area,
Allocation Area No. 1.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from SBG Realty, LLC for up to eight (8)
years of real property tax abatement consideration for property identified as Lot l OA as shown on the
Plat of "H.G. Baus Centre- Phase One First Replat" Subdivision recorded by Document 0746267 in
the Records of the Recorder of St. Joseph County, in the Airport Economic Development
Allocation Area, Allocation Area No. 1, 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 SBG Realty,
LLC.
Approved this 3rd day of January, 2011, at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
%� Da Varner, Vice President
ATTEST:
Nancy N. King, Sedretary
EXHIBIT A
LEGAL DESCRIPTION
Description: Lot 10A as shown on the Plat of "H.G. Baus Centre -Phase One First Replat"
Subdivision as recorded by Document 0746267
Tax Key No.: 71- 03 -21- 300 - 001.000 -009
Address: Vacant land north of and adjacent to 4701 Nimtz Parkway
Address: 3849 Showerlux Drive, South Bend, IN
A