HomeMy WebLinkAboutNo. 0728 approving an application for real property tax deduction (Teachers Credit Union, corner of Washington and Michigan Sts.)RESOLUTION NO. 728
to 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
Teachers Credit Union and the South Bend Redevelopment Commission
for real property tax abatement consideration for the property
located at the southwest corner of Washington and Michigan
Streets in the Downtown Urban Renewal Area R -66, the legal
description of which is attached hereto, marked Exhibit "A" and
incorporated herein; and
WHEREAS, this Commission declared the Downtown Urban Renewal
Area R -66 by Resolution No. 215, adopted April 4, 1968, and
declared Central Downtown Urban Renewal Allocation Area No. 1 by
Resolution No. 615 adopted June 6, 1980; and
WHEREAS, the Commission expanded and redeclared the Central
Downtown Urban Renewal Area by Resolution No. 690, adopted
October 14, 1983, and therein declared Amended Allocation Area
No. 1; and
WHEREAS, property located at the southwest corner of
Washington and Michigan Streets is located within the Central
Downtown Urban Renewal Amended Allocation Area No. 1.
NOW, THEREFORE, BE IT RESOLVED by the South Bend
Redevelopment Commission as follows:
1.) The Commission finds that the application of
Teachers Credit Union and the South Bend
Redevelopment Commission for real property tax
abatement consideration for real property tax
abatement on property located at the southwest
corner of Washington and Michigan Streets in the
Central Downtown Urban Renewal Expanded Allocation
Area No. 1 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 Teachers Credit Union and
the South Bend Redevelopment Commission's petition
for real property tax abatement.
Approved this 25th day of January, 1985, at the regularly
scheduled meeting of the South Bend Redevelopment Commission.
SOUTH BEND REDEVELOPMENT COMMISSION
mtz, 'President
ATTEST:
Michael Donoho, Assistant Secretary