17-20 Tax Abatement- JSK Reconfirming (Callendar St.)

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WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. WHEREAS, the Council issues a Confirming Resolution confirming the adoption of a Declaratory Resolution as Resolution No. 4467-15 on July 13, 2015 WHEREAS, the petitioner will not have the project completed within the two year designation period granted in the Confirming Resolution, which will expire on June 23, 2017. WHEREAS, the Petitioner has requested an additional period of time to complete construction of the planned project. The project experienced unforeseen delays in the design stage which led to an overall delay in the construction timeline. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Petitioner acknowledges that they will not have the project completed within the two year designation period granted in the Confirming Resolution due to the following: A. The project experienced unforeseen delays in the design stage which led to an overall delay in the construction timeline. The Common Council hereby finds that the extension of the designation is appropriate in light of the aforementioned reason noted above. SECTION II. The Common Council hereby reconfirms its Declaratory Resolution and its Confirming Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to three (3) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION III. The Common Council hereby determines that the property owner is qualified for and is granted a real property tax deduction for a period of six (6) years pursuant to Indiana Code 6-1.1-12.1-17 and further determines that the petition, The Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq.