HomeMy WebLinkAboutNo. 0815 approving an application for real property tax deduction (Ivy Tower Corporation, 635 S. Lafayette Blvd.)RESOLUTION NO. 815
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 Ivy Tower Corporation for real property located at 635 S.
Lafayette Blvd. in the Studebaker Corridor Development Area, the
legal description of which is attached hereto, marked Exhibit "A"
and incorporated herein; and
WHEREAS, this Commission declared the Studebaker Corridor
Development Area by Resolution No. 762 adopted January 10, 1986 and
in the same resolution declared the Studebaker Corridor Allocation
Area (South Bend Allocation Area No. 6); and
WHEREAS, the property located at 635 S. Lafayette Blvd. is
located within the Studebaker Corridor Allocation Area (South Bend
Allocation Area No. 6);
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission as follows:
1.) The Commission finds that the application of
Ivy Tower Corporation for ten years of real property
tax abatement consideration located at 635 S. Lafayette
Blvd. in the Studebaker Corridor Allocation Area (South
Bend Allocation Area No. 6) 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 Ivy Tower Corporation
petition for real property tax abatement.
Approved this 23rd day of October, 1987, at the regularly
awl scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
461 � 4-,W-L- I .14
Roman Piasecki, Secretary
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