HomeMy WebLinkAboutNo. 0763 approving an application for real property tax deduction (East Race Properties, 322-330 E. Colfax)RESOLUTION NO. 763
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 real property tax abatement consideration from East
Race Properties for real property located at 322 -330 E. Colfax 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 322 -330 E. Colfax 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 Race Properties for real property tax abatement
consideration located at 322 -330 E. Colfax 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 Race Properties petition
for real property tax abatement.
Approved this 10th day of January, 1986, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
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ATTEST:
Roman Piasecki, Secretary
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