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HomeMy WebLinkAboutNo. 1734 approving an application for real property tax deduction (American Home Dreams, Inc., 702, 703, 732 Pennsylvania)' RESOLUTION NO. 1734 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 five years of real property tax abatement consideration from American Home Dreams, Inc. for real properties located at 702, 703 and 732 Pennsylvania in the Sample -Ewing Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Sample -Ewing DevelopmentArea by Resolution No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample -Ewing Development Area, Allocation Area No. 8; and WHEREAS, the properties located at 702, 703 and 732 Pennsylvania are located within the Sample -Ewing Development Area, Allocation Area No. 8; NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from American Home Dreams, Inc. for five years of real property tax abatement consideration for properties located at 702, 703 and 732 Pennsylvania in the Sample -Ewing Development Area, Allocation Area No. 8, 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 American Home Dreams, Inc. Approved this 21 st day of January 2000 at the regular meeting of the South Bend Redevelopment Commission. SOUTH B D REDEVELOPMENT COMMISSION C Robert W. Hunt, President ATTEST: Philip J. Faccenda, Secretary VB:Res1734 Exhibit A 732 Pennsylvania Avenue Southeast Neighborhood Redevelopment, 18- 7020 -0818 Phase One, Section Two Subdivision Lot 27 of Southeast Neighborhood Redevelopment, Phase One, Section Three Subdivision 730 Pennsylvania Avenue Southeast Neighborhood Redevelopment, 18- 7020 -0819 Phase One, Section Two Subdivision Lot 28 of Southeast Neighborhood Redevelopment, Phase One, Section Three Subdivision 702 Pennsylvania Avenue Southeast Neighborhood Redevelopment, 18- 7016 -0625 Phase One, Section Two Subdivision Lot 32 of Southeast Neighborhood Redevelopment, Phase One, Section Three Subdivision t-c� 4 a� ���) eMS(j I AV�Ict