HomeMy WebLinkAboutNo. 0894 approving an application for real property tax deduction (Fortuna Land Company, 802 S. Fellows St.)RESOLUTION NO. 894
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 three years of real property tax abatement consideration from
The City of South Bend, Department of Redevelopment, on behalf of
Fortuna Land Company for real property located at 802 S. Fellows
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 Allocation Area
(South Bend Allocation Area No. 1A); and
WHEREAS, the property located at 802 S. Fellows is located
within the South Bend Central Allocation Area (South Bend
Allocation Area No. 1A).
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1) The Commission finds that the application from The City of
South Bend, Department of Redevelopment, on behalf of Fortuna Land
Company for three years of real property tax abatement
consideration for property located at 802 S. Fellows in the South
Bend Central Allocation Area (South Bend 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
City of South Bend, Department of Redevelopment on behalf of
Fortuna Land Company's petition for real property tax abatement.
Approved this 13th day of October, 1989, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Roman Piasecki, Secretary
Res894