HomeMy WebLinkAboutNo. 1542 approving an application for real property tax deduction (Value Plus Construction, Inc., 2520 W. Calvert St.)RESOLUTION NO. 1542
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 (5) years of
real property tax abatement consideration from Value Plus Construction, Inc. for the benefit of
Beverly J. King for real property located at 2520 West Calvert Street 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 Development Area by Resolution
No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample -Ewing
coDevelopment Area (South Bend Allocation Area No. 8) and
WHEREAS, the properties located at 2520 West Calvert Street are located within the
Sample -Ewing Development Area (South Bend 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 Value Plus Construction, Inc. for the
benefit of Beverly J. King for five (5) years of real property tax abatement consideration for property
located at 2520 West Calvert Street in the Sample -Ewing Development Area (South Bend Allocation
Area No. 8) should be and is hereby approved based on extenuating circumstances as outlined in the
Staff Report.
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 Value Plus
Construction, Inc. for the benefit of Beverly J. King.
pl� Approved this 7th day of November 1997 at the regularly scheduled meeting of the South Bend
F Redevelopment Commission.
SOUTH B D REDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
" V
Paula N. Auburn, Secretary
vb:Res 1542
EXHIBIT A
Legal Description for 2520 W. Calvert Street:
Lots 228 and 299 Homeland 2nd addition
It
N
[A