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HomeMy WebLinkAboutNo. 0784 approving an application for real property tax deduction (South Bend Policemen's Federal Credit Union, 800 block of S. Lafayette)RESOLUTION NO. 784 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 Transwestern Investment, Inc. for real property located in the 800 block of South Lafayette 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 in the 800 block of South Lafayette 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 Transwestern Investment, Inc. for three years of real property tax abatement consideration for property located in the 800 block of South Lafayette 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 Transwestern Investment, Inc.'s petition for real property tax abatement. Approved this 12th day of September, 1986, at the regularly scheduled meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION Lo_ v. Paula N. Auburn, Vice - President ATTEST: Roman Piasecki, Secretary 2/h Resolution No. 784 SOUTH BEND POLICEASEN'S FEDERAL CREDIT UNION A parcel of property being a portion of Lots Numbered 177, 176, 175 and 174 as shown on the Recorded Plat of Daniel Garst's First Addition to the City of South Bend, Indiana, recorded in Plat Book 3, page 5, of the records of the Recorder of St. Joseph County, Indiana, and portion of a north and south public alley lying west of said lots, which parcel shall be eighty (80) feet in width north and south along Lafayette Street, and two hundred fifty (250) feet in length east and west.