Confirming Tax Abatement - R2 Diagnostics, Inc. 1801 Commerce Drive (5 Yr. Personal Proeprty)

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RESOLUTION NO. q L N —t �- A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1801 Commerce Drive AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR R 2 DIAGNOSTICS, INC. 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 commonly known as 1801 Commerce Drive, South Bend, Indiana, and which is more particularly described as follows: E PT Lot 25 Airport Industrial park Phase II- Sec 33 -38 -2E Cont .40 acres+/ - W 287 FT of Lot 25 Airport Industrial Park Phase II- S.W.1-4 Sec 33 -38 -2E 1.57 acres S 80 -5 FT of Lot 24 S.W. Sec 33 -38 -2E and which has Key Numbers 025- 1008 - 033502; 025- 1008 - 033508; 018 - 2183 - 688612; and 018 - 2183 - 688603 be designated as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: