02-14-11 Council Agenda & Packet

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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 815 OLIVER PLOW COURT (PROPOSED ADDRESS)` AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF UP TO AN EIGHT (8) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION / OLIVER PLOW PARTNERS, LP WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration. by the Common Council of the City of South Bend, Indiana requesting that the area located on the northwest comer of Oliver Plow Court and Chapin Street with the proposed address of 815 Oliver Plow Court* which upon completion of the replatting and recording process, will be more particularly described as follows: Lot 2 of Oliver Plow Works First Minor Subdivision* And which has Key Number 018 -3061 -2351 presently at this point in time, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6 -1.1 -12.1 et q., and South Bend Municipal Code Sections 2 -76 et sag., and; WHEREAS, petitioner has agreed to and has accepted responsibility to report any changes in the final legal description and to report the final, appropriate Key Number to the Department of Community and Economic Development and to the Office of the City Clerk; and WHEREAS, the Department of Community and Economic Development 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 seMc ., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and ' Currently identified as the east 4.4 acres of Lot #8, Oliver Plow Works, Is, Major, Sec 3 located on the northwest corner of Oliver Plow Court and Chapin Street.