HomeMy WebLinkAboutNo. 1785 approving an application for real property tax deduction (Draga Investments, LLC, Lot 14, US 31 Industrial Park)+"
RESOLUTION NO. 1785
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 years of real
property tax abatement consideration from the South Bend Redevelopment Commission on behalf
of Draga Investments, LLC for real property located at Lot 14, US 31 Industrial Park 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 Lot 14, US 31 Industrial Park 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 the South Bend Redevelopment
Commission on behalf of Draga Investments, LLC for three years of real property tax abatement
consideration for property located at Lot 14, US 31 Industrial Park 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 the South
Bend Redevelopment Commission on behalf of Draga Investments, LLC.
Approved this 21th day of July 2000 at the regular meeting of the South Bend
Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
dp:Resl785
Robert W. Hunt, President
Exhibit A
A PART OF THE SOUTHWEST QUARTER OF SECTION 18, TOWNSHIP 38 NORTH,
RANGE 2 EAST, CITY OF SOUTH BEND, GERMAN TOWNSHIP, ST. JOSEPH COUNTY,
INDIANA, BEING MORE COMMONLY DESCRIBED AS FOLLOWS:
LOT 14 IN THE U.S. 31 INDUSTRIAL PARK, SECTION FOUR AS RECORDED IN THE
OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA DOCUMENT
NUMBER 9955445; SUBJECT TO ANY EASEMENTS, COVENANTS AND
RESTRICTIONS OF RECORD.