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RESOLUTION NO. ~-~ 1 ~ -~I <br />A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS <br />WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY <br />KNOWN AS <br />3425 WEST LATHROP DRIVE <br />AS AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF AN EIGHT (8) YEAR REAL <br />PROPERTY TAX ABATEMENT FOR <br />MC CORMICK AND COMPANY, INC. <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has <br />adopted a Declaratory Resolution designating certain areas within the City as Economic <br />Revitalization Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as <br />3425 West Lathrop Drive, South Bend, Indiana, and which is more particularly described <br />as follows: <br />8.44 AC Tract; Mid PT S Side SE '/4 Beg 990' W & 40' N of SE Cor <br />SE SEC 28-38-2E. <br />and which has Key Number 025-1010-0403.01, as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; <br />and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <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 />