HomeMy WebLinkAboutNo. 0878 approving an application for real property tax deduction (East Ridge Partnership, Niles and Corby Streets)Ln
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RESOLUTION NO. 878
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
East Ridge Partnership, for real property located at the corner of
Niles and Corby 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 the corner of Niles & Corby 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 of East Ridge
Partnership for three years of real property tax abatement
consideration for property located at the corner of Niles & Corby
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 East
Ridge Partnership's petition for real property tax abatement.
Approved this 14th day of July, 1989, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
t
Roman Piasecki, Secretary
Res878