HomeMy WebLinkAboutNo. 2262 approving an application for real property tax deduction (BLK dba Old Fort Building Supply 1401 S Main)RESOLUTION NO. 2262
A RESOLUTION APPROVING AN APPLICATION FOR
REAL PROPERTY TAX DEDUCTION
WHEREAS, LC. G-1.1-12.1-2(1) provides that an application forpropertytax deduction may
not be approved when the property is located in an allocation area as defined in LC. 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 (3) three years of
real property tax abatement consideration from BLK, LLC, d/b/a Old Fort Building Supply for real
property adj acent to 1401 South Main Street (a vacant lot) in the Sample-Ewing Development Area,
the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and
WHEREAS, this Commission declared the Sample-Ewing Economic Development Area by
Resolution No. 1222, adopted February 4, 1994, and in the same resolution declared the Sample-
Ewing Economic Development Allocation Area, Allocation Area No. 8; and
WHEREAS, the property adjacent to 1401 South Main Street (a vacant lot) is located within
the Sample-Ewing Economic Development Allocation Area, Allocation Area No. 8;
WHEREAS, the property adjacent to 1401 South Main Street (a vacant lot) is located within
the Urban Enterprise Zone;
WHEREAS, the property adjacent to 1401 South Main Street (a vacant lot) is located within
the Economic Development Target Area;
NOW. THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission
as follows:
1) The Commission finds that the application from BLK, LLC, d/b/a Old Fort Building
Supply for (~) three years of real property tax abatement consideration for property located adjacent
to 1401 South Main Street (a vacant lot) in the Sample-Ewing Economic Development Allocation
Area, Allocation Area No. 8, should be and is hereby approved.
2) Should the company receive the Enterprise Zone Investment Deduction under LC. 6-1.1-
56 for the same property, this Tax Abatement designation shall become null and void. The Company
may not receive an economic revitalization area deduction if it receives an enterprise zone
investment deduction under LC. 6-1.1-45 for the same property.
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3) That a copy of this resolution be forwarded to the South Bend Common Council to
indicate the Commission's approval of the petition for real property tax abatement for BLK, LLC',
d/b/a Old Fort Building Supply.
Approved this 25th day of August, 2006, at the regular meeting of the Sotiith Bend
Redevelopment Commission.
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SOUTH BEND REDEVELOPMENT COMMISSION
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EXHIBIT A
LEGAL DESCRIPTION
Description:
Lots Numbered Twelve (12), Thirteen (13), Fotilrteen (14), and Fifteen (15) as shown on the recorded
plat of Samual C. Stull's First Addition to the City of South Bend, excepting there fi-om Fifty (50)
feet taken off of and from the entire east side of said lots.
Tax Key No.: 18-8004-0166
Address: vacant lot adjacent to 1401 South Main Street
South Bend, IN 46613