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REGULAR MEETING <br />SEPTEMBER 24, 2007 <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 />remonstrance's 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 L The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />Purposes of tax abatement. Such designation is for Personal property tax abatement only <br />and is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION IL The Common Council hereby determines that the property owner is <br />qualified for and is granted Personal property tax deduction for a period of five (5) years, <br />and further determines that the petition complies with Chapter 2, Article 6, of the <br />Municipal Code of the City of South Bend, and Indiana Code 6-1.1-12 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />s/Timothy A. Rouse <br />Member of the Common Council <br />RESOLUTION NO. 3793-07 A RESOLUTION CONFIRMING THE <br />ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN <br />AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 1217 AND <br />1215 SOUTH WALNUT STREET, SOUTH <br />BEND, INDIANA TO BE AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF <br />A FIVE (5) YEAR PERSONAL PROPERTY TAX <br />ABATEMENT FOR STEEL WAREHOUSE <br />COMPANY LLC <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 />1217 and 1215 South Walnut Street, South Bend, Indiana, and which is more particularly <br />described as follows: <br />A tract of land in the City of South Bend, County of St. Joseph, and State of <br />Indiana, situated in the Northwest Quarter of Section 14, and the Northeast Quarter of <br />Section 15, Township 37 North, Range 2 East, bounded by the following described line: <br />Beginning at a point in the West line of Walnut Street, 1239.70 feet South of the South <br />line of Sample Street, which point is 587.95 feet South of the South line of the Sanders <br />and Egbert Tract, as conveyed by deeds recorded in Deed Record 118, page 428 and <br />Deed Record 121, page 320; thence on an assumed bearing of South 0 00'49" East along <br />23 <br />