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HomeMy WebLinkAboutNo. 1974 approving an application for real property tax deduction (Bravokilo, Inc.)RESOLUTION NO. 1974 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 three (3) years of real property tax abatement consideration from Bravokilo, Inc. for real property located at 121 W. LaSalle Avenue 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 121 W. LaSalle Avenue is located within the South Bend Central Development Area, Allocation Area No. 1 A; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment ILCommission as follows: 1) The Commission finds that the application from Bravokilo, Inc. for three (3) years of real property tax abatement consideration for property located at 121 W. LaSalle Avenue 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 Bravokilo, Inc. Approved this 2nd day of May 2003 at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION y Robert W. Hunt, President ATTEST: Marcia I. Jone ice President HAWpdata\Resolutions\RES 1974.wpd LEGAL DESCRIPTION BURGER KING RESTAURANT #3722 121 West LaSalle Avenue South Bend, Indiana Lots numbered 74 and 75 and 173, as shown on the recorded Original Plat of the Town, now City of South Bend, St. Joseph County, Indiana, and further described as follows: BEGINNING at the Southwest corner of said Lot 74; thence on an assumed bearing of North 00 degrees 15 minutes 00 seconds West along the East line of Main Street 198.17 feet to the Northwest corner of said Lot 173; thence North 89 degrees 58 minutes 30 seconds East along the North line of said Lot 173 a distance of 166.21 feet to the Northeast corner of said Lot 173; thence South 00 degrees 13 minutes 45 seconds East along the West line of a 14 foot alley, 198.24 feet to the Southeast corner of said Lot 74; thence North 90 degrees 00 minutes 00 seconds West along the South line of said Lot 74 a distance of 166.14 feet to the point of BEGINNING. Prior deed references: Deed Book 776, Page 244, in the public records + of St. Joseph County, Indiana, dated September 24, 1973. SUBJECT TO any and all reservations, restrictions, easements, rights of way, limitations and conditions of record. EXHIBIT "A"