HomeMy WebLinkAboutNo. 1875 approving an application for real property tax deduction (AAK Properties, LLC)RESOLUTION NO. 1875
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-
7014-39, 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 three (3) years
of real property tax abatement consideration from AAK Properties, LLC for real property located
at 131 S. Taylor Street in the West Washington- Chapin Development Area, the legal description
of which is attached hereto, marked Exhibit "A" and incorporated herein;
WHEREAS, this Commission declared the West Washington- Chapin Development Area
by Resolution No. 818, adopted October 23, 1987, and in the same resolution declared the West
Washington- Chapin Allocation Area (South Bend Allocation Area No. 7) and
WHEREAS, the property located at 131 S. Taylor Street is located within the West
Washington- Chapin Allocation Area (South Bend Allocation Area No. 7);
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from AAK Properties, LLC for three (3)
years of real property tax abatement consideration for property located at 131 S. Taylor Street in
the West Washington- Chapin Allocation Area (South Bend Allocation Area No. 7) 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 AAK
Properties, LLC.
Approved this 15th day of March 2002 at the regularly scheduled meeting of the South
Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
t
Robert W. Hunt, President
ATTEST:
Philip J. Face a, Secretary
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