6A(1) Resolution No. 2835 - Laserfiche WebLink

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RESOLUTION NO. 2835 A RESOLUTION APPROVING AN APPLICATION FOR REAL PROPERTY TAX DEDUCTION WHEREAS, LC. 6-1.1-12.1-2(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 up to eight (8) years of real property tax abatement consideration from SBG Realty, LLC for real property identified as Lot l0A as shown on the Plat of ``H.G. Baus Centre- Phase One First Replat" Subdivision recorded by Document 0746267 in the Records of the Recorder of St. Joseph County, in the Airport Economic Development Area, the legal description of which is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Airport Economic Development Area by Resolution No. 919, adopted February 23, 1990, and in the same resolution declared the Airport Economic Development Allocation Area, Allocation Area No. 1; and WHEREAS, the property identified as Lot 10 A as shown on the Plat of "H.G. BausCentre- Phase One First Replat" is located within the Airport Economic Development Allocation Area, Allocation Area No. 1. NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment Commission as follows: 1) The Commission finds that the application from SBG Realty, LLC for up to eight (8) years of real property tax abatement consideration for property identified as Lot 1 OA as shown on the Plat of "H.G. Baus Centre- Phase One First Replat" Subdivision recorded by Document 0746267 in the Records of the Recorder of St. Joseph County, in the Airport Economic Development Allocation Area, Allocation Area No. 1, should be and 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 petition for real property tax abatement for SBG Realty, LLC. Approved this 7th day of January, 2011, at the regular meeting of the South Bend Redevelopment Commission. SOUTH BEND REDEVELOPMENT COMMISSION ATTEST: