19-09 SWGS Properties, LLC Designating Real Property Tax Abatement

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BILL NO. 19-09 RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2920 W Sample Street, South Bend, IN 46619 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A (6) SIX-YEAR REAL PROPERTY TAX ABATEMENT FOR SWGS Properties, LLC WHEREAS, a petition for real property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that portions of the property located at 2920 W Sample Street, South Bend, Indiana 46619, which is more particularly described as follows: 400' On Sample Beg 330' E & 35' S Nw Cor Nw Sec 15-37-2e 165 Ft. On Sample St Beg. 165 Ft E Of Nw Cor Sec 15-37-2e and which has Key Numbers 018-8075-282401 and 018-8075-282404, and be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et sec.,and South Bend Municipal Code Sections 2-76 et sec., and; WHEREAS,the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1, et se ., and South Bend Municipal Code Sections 2-76, et sec., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS,the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. 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 Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the