Confirming Tax Abatement - South Bend Redevelopment Commission/Oliver Plow Partners LP (7 Yr. Real Property)

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RESOLUTION NO. �l 2-2�� A R�SOLUTION CO�TFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY QF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 815 OLIVER PLOW COURT (PROPOSED ADDRESS)# AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN 7 YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION/OLIVER PLOW PARTNERS, LP WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area located on the northwest corner of Oliver Plow Court and Chapin Street with the proposed address of 815 Oliver Plow Court*, and 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; 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 Deparhnent of Community and Economic Development and to the Office of the City Clerk; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing befare the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and ' Currently identified as the east 4.4 acres of Lot#8,Oliver Plow Works, lst Major,Sec 3 located on the northwest corner of Oliver Plow Court and Chapin Street.