Substitute 17-62 Designating Real Property Tax Abatement for Tri-Pac, Inc.

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RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3333 N Kenmore St, South Bend, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (7) SEVEN-YEAR REAL PROPERTY TAX ABATEMENT FOR Tri-Pac, Inc. WHEREAS, a petition for real property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as Tri-Pac,Inc. and which is more particularly described as follows: 466.42' X 452' BEG 821.42' W NE COR NE SEC 28-38-2E 5 AC 391.24'X 452'NE OF DRAINAGE COURSE SEC 28-38-2E 4.064 AC and which has Key Numbers 025-1010-038504 and 025-1010-038505, respectively, and be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et sM., and South Bend Municipal Code Sections 2-76 et sec., and; WHEREAS,the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1, et sec., and South Bend Municipal Code Sections 2-76, et SeMc., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS,the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION 1. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement.