6.A.(1) Resolution No. 2523 - Laserfiche WebLink

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RESOLUTION NO. ?52~ A RESOLL~11ON APPROVING AN APPLICATION FOR REAL PROPER~IY TAX DEDUCTION ~~~HEREAS, LC. 6-1 .l-1?.l-?(1) provides that an application forpropert_ytax 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 ~a~hich designated that allocation area adopts a resolution approving that application: and WHEREAS, the South Bend Common Council has received a petition for three (3) years of real property tax abatement consideration from Gatcw~ay Plaza Real Estate. LLC, for vacant real property located adjacent to ~30> Lathrop Drive in the Airport Economic Development Area, the legal description of ~~~hich is attached hereto, marked Exhibit "A" and incorporated herein; and WHEREAS, this Commission declared the Airport Economic Development Arca by Resolution No. 919, adopted ('ebruary ?3, 1990, and in the same resolution declared the Airport Economic Development Allocation Arca. Allocation Area No. 1; and WHEREAS, the ~ avant property located adjacent to 3?OS Lathrop Drive is located within the Airport Economic Development .Allocation Area. Allocation Arca No. 1. '~~OW. TI iEREFORE. 6E IT RESOLV ED by the South Bend Redevelopment Commission as thllows: I) The Commission finds that the application fiom Gateway Plaza Real Estate. LLC t~~r three (3) years of real property tas abatement consideration for the vacant property located adjacent to 3 ~Oj Lathrop Drive in the Airport Economic Development Allocation Area. Allocation Arca No. 1. should be and is hereby approved. ?) That a copy of this resolution be ihrwarded to the South Bend Common Council to indicate the Commission's approval of the petition forrcal property tax abatement for Gateway Plaza Real Estate, LLC. Approved this 7th day of November. ?00~, at the regular meeting of the South Bend Redevelopment Commission. SOI,'TI I BEND REDEVELOPMENTCOMMISS[ON ATTEST: