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Home My WebLink AboutNo. 1896 approving an application for real property tax deduction (7701 Vorden Court) (AEDA)r. RESOLUTION NO. 1896 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 ten years of real property tax abatement consideration from TD 1996 Real Estate Trust for real property located at 7701 Vorden Court 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 located at 7701 Vorden Court 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 TD 1996 Real Estate Trust for ten years of real property tax abatement consideration for property located at 7701 Vorden Court 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 TD 1996 Real Estate Trust. Approved this 19`h day of July 2002 at the regularly scheduled meeting of the South Bend Redevelopment Commission. ATTEST: ,;be;1.j.a, Secretary . HApdatalResolutionslRes 1896.wpd SOUTH BEND REDEVELOPMENT COMMISSION Robert W. Hunt, President Exhibit A Legal Descri tion: Blackthorn West Business Park Major Sub, Lot 11 (Tax Key No: 31- 1036 - 059009), Lot 9 (Tax Key No: 31- 1036 - 059007), Lot 8 (Tax Key No: 31- 1036 - 059006), Lot 7 (Tax Key No: 31 -1036- 059005), Lot 6 (Tax Key No: 31- 1036 - 059004), and Lot 5 (Tax Key No: 31- 1036 - 059003).