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RESOLUTION NO. L�g�°��I <br /> A RESOLUTION OF THE CONIMON COUNCIL OF THE <br /> CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br /> THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br /> 5102 DYLAN DRIVE <br /> AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br /> (5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR <br /> GLOBAL PARTS NETWORK, LLC <br /> WHEREAS, a petition for personal property tax abatement consideration has been filed <br /> with the City Clerk for consideration by the Common Council of the City of South Bend, <br /> Indiana, requesting that the area commonly known as 5102 Dylan Drive, South Bend, Indiana, <br /> and which is more particularly described as follows: <br /> Lot 1 of Portage Prairie Minor subdivision#1 <br /> and which has Key Number 025-1009-014603, be designated as an Economic Revitalization <br /> Area under the provisions of Indiana Code 6-1.1-12.1 et se�c., and South Bend Municipal Code <br /> Sections 2-76 et se�c., and; <br /> WHEREAS, the Department of Community and Economic Development has concluded <br /> an investigation and prepared a report with information sufficient for the Common Council to <br /> determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1- <br /> 12.1, et se�c., and South Bend Municipal Code Sections 2-76, et se�c., and has further prepared <br /> maps and plats showing the boundaries and such other information regarding the area in question <br /> as required by law; and <br /> WHEREA5, the Community and Economic Development Committee of the Common � <br /> Council has reviewed said report and recommended to the Common Council that the area <br /> qualifies as an Economic Revitalization Area. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br /> Bend, Indiana, as follows: <br /> SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6- <br /> 1.1-12.1-4.5 et se�c., that: <br /> a. The estimate of the cost of the new manufacturing equipment is reasonable for <br /> equipment of that type; <br /> b. That the estimate of the number of individuals that will be employed or whose <br /> employment will be retained by the Petitioner can reasonably be expected to <br />