HomeMy WebLinkAboutNo. 1135 approving an application for real property tax deduction (Coyne Investments Limited Partnership, 119 W. Wayne St.)RESOLUTION NO. 1135
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, I.C. 6 -1.1- 12.1 -2(j) 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 Coyne Investments Limited Partnership for real property
located at 119 West Wayne Street 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. 1A; and
WHEREAS, the property located at 119 West Wayne Street is
located within the South Bend Central Development Area, Allocation
Area No. IA;
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission as follows:
1) The Commission finds that the application from Coyne
Investments Limited Partnership for ten years of real property tax
abatement consideration for property located at 119 West Wayne
Street in the South Bend Central Development Area, Allocation Area
No. 1A, 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 Coyne Investments
Limited Partnership.
Approved this 19th day of February, 1993, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
Paula N. Auburn, President
ATTEST:
Theo F. Sharp, Secret
Res1135
Exhibit "A"
CITY OF SOUTH BEND
PETITION FOR REAL PROPERTY TAX ABATEMENT CONSIDERATION
Line 5. Legal Description of the Property.
The legal description of the Property for which the taxpayer seeks a real property
tax abatement is Lot 289 -290 & 291 original plat.
BJS01970