Laserfiche WebLink
Subject to all legal easements, exhibits and restrictions of record for said Washington Square <br /> Condominium Horizontal Property Regime. <br /> Key Number 18-1008-032101 <br /> (said parcel being referred to hereinafter as the "Property"); and <br /> WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br /> before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and <br /> WHEREAS, a copy of the notice of adoption of a Declaratory Resolution and a statement <br /> containing substantially the same information as a statement of benefits filed with the Council has <br /> been filed with each taxing unit that has authority to levy property taxes in the geographic area <br /> pursuant to Indiana Code 6-1.1-12.1-2.5; and <br /> WHEREAS, the Council held a public hearing on March 14, 2016 for the purposes of <br /> hearing all remonstrances and objections from interested persons; and <br /> WHEREAS, the Council determined that the qualifications for an economic revitalization <br /> area have been met. <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 modifies and confirms its Declaratory <br /> Resolution to designate the Property as an Economic Revitalization Area for the purposes of tax <br /> abatement. Such designation is for real property tax abatement only and is limited to three (3) <br /> calendar years from the date of adoption of the Declaratory Resolution by the Common Council <br /> rather than the two (2) calendar year designation due to the size, scope and complexity of the <br /> rehabilitation of the property. <br /> SECTION Il. The Common Council hereby determines that the property owner is qualified <br /> for and is granted real property tax deduction for up to a period of ten(10)years as provided in the <br /> alternate abatement scheduled below pursuant to Indiana Code 6-1.1-12.1-17 and further <br /> determines that the petition, the Memorandum of Agreement between the Petitioner and the City <br /> of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal <br /> Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. <br /> - 2 - <br /> US.105059206.02 <br />