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17-08 Designating a nine (9) year real property tax abatement for GLC III
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17-08 Designating a nine (9) year real property tax abatement for GLC III
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4/25/2017 4:44:24 PM
Creation date
2/22/2017 4:05:29 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/27/2017
Ord-Res Number
17-08
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ABATEMENT QUALIFICATION <br />1. A review of the tax abatements previously granted finds that the petitioner has <br />been granted previous abatements and were deemed to be in compliance. <br />2. The Building Commissioner has reviewed the petition and finds the property to be <br />properly zoned for the proposed project or a variance will be sought by the <br />petitioner. <br />3. A review of the South Bend Redevelopment designation areas finds that the <br />property is located in the River West Development Area. <br />4. A review of the Tax Abatement Ordinance No. 9394 -03 finds that the petitioner <br />meets the qualifications for a (9) nine -year real property tax abatement under <br />section 2 -84.2, Real Property Tax Abatement. As discussed with Council, DCI's <br />ability to flexibly approach projects has led staff to conclude that a 6 year <br />abatement best meets the needs of both the developer and the City. <br />
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