18-48 Modifying and reconfirming resolution for Imagineering Enterprises (Real Property)

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Filed in Clerk's Office BILL NO. 18-48 SEp 0 5 201 KAREEMAW�UVUI_ER RESOLUTION NO. CITY CLERK,SOUTH REND, IN A RESOLUTION MODIFYING AND RECONFIRNIING THE ADOPTION OF DECLARATORY RESOLUTION NO. 4594-16 DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3722 Foundation Ct, South Bend, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (6) SIX YEAR REAL PROPERTY TAX ABATEMENT FOR Imagineering Enterprises, Inc. WHEREAS, the Common Council of the City of South Bend has adopted declaratory resolutions designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, Declaratory Resolution No. 4594-16 designated the area located at 3722 Foundation Ct., South Bend, IN 46601 and which is more particularly described as follows: LOT 2 EX 60' S END METRO ALEDO MINOR SUB 03-04 SPLIT TO 040032 TR 2-7-03 13026 and which currently has Key Numbers 025-1010-040018, as an Economic Revitalization Area; and WHEREAS, upon proper notice, a public hearing was held, after which the Common Council issued Confirming Resolution No. 4595-16, confirming the adoption of Declaratory Resolution No. 4594-16 on September 28, 2016; and WHEREAS, the Petitioner was granted a two-year designation period in Confirming Resolution No. 4595-16, which will expire on September 13, 2018; however, the project will not be completed until September 2019; and WHEREAS,the Petitioner has requested an additional one year to complete the project. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the extension of the designation is appropriate and meets the requirements of Indiana Code § 6-1.1-12.1 et seq.