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RESOLUTION NO. <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />1710 NORTH SHERIDAN STREET <br />AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br />(5) FIVE -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR <br />HOOSIER. TANK AND MANUFACTURING, INCORPORATED <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 1710 North Sheridan Street, South Bend, <br />Indiana, and which is more particularly described as follows: <br />Parcel of land beginning approximately 889.84 feet south and 40 feet cast of <br />NW' /4 SE' /4 and known as Gibbs Wire and Steel Company, Inc. minor sub <br />section 33 -38 -2E coot appx AC <br />and which has Tax Key Numbers 18 -2184- 693803 (Real Property) and 018- 07522 -00 (Personal <br />Property) presently, be designated as an Economic Revitalization Area under the provisions of <br />Indiana Code 6 -1.1 -12.1 et seMc ., and South Bend Municipal Code Sections 2 -76 et seq., 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 seq., and South Bend Municipal Code Sections 2 -76, et seq., 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 />WHEREAS, 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 seq., that: <br />