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17-01 RP Confirming Tax Abatement for GLC SBDC II, LLC
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17-01 RP Confirming Tax Abatement for GLC SBDC II, LLC
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Last modified
4/26/2017 10:31:20 AM
Creation date
2/8/2017 1:28:11 PM
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City Council - City Clerk
City Counci - Date
2/8/2017
Bill Number
17-01
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PRESENTED <br />NOT APPR©o/U? <br />,kt)n - -- <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real Property tax abatement only and <br />is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted a real property tax deduction for a period of (9) nine years as <br />shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further determines <br />that the petition, the Memorandum of Agreement between the Petitioner and the City of <br />South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />Member of the Common Council <br />Fled in Clerk's Office <br />=VO 016 <br />KAREEMAH FOWLER <br />CITY CLERK, SOUTH BEND, IN <br />
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