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07-23-12 Council Agenda & Packet
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07-23-12 Council Agenda & Packet
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7/19/2012 1:08:49 PM
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7/19/2012 1:01:29 PM
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City Council - City Clerk
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SECTION III. The Common Council hereby determines and finds that the proposed <br /> described redevelopment or rehabilitation can be reasonably expected to yield benefits <br /> identified in the Statement of Benefits, Sections 1 through 3 of the Petition for Real <br /> Property Tax Abatement Consideration and the Memorandum of Agreement between the <br /> Petitioner and the City of South Bend, and that the Statement of Benefits form completed <br /> by the petitioner, said form being prescribed by the State Board of Accounts, are <br /> sufficient to justify the deduction granted under Indiana Code § 6-1.1-12.1-3. <br /> SECTION IV. The Common Council hereby accepts the report and recommendation of <br /> the Community and Economic Development Committee that the area herein described be <br /> designated as an Economic Revitalization Area and hereby adopts a Resolution <br /> designating this area as an Economic Revitalization Area for purposes of real property <br /> tax abatement. <br /> SECTION V. The designation as an Economic Revitalization Area shall be limited to <br /> two (2) calendar years from the date of the adoption of this Resolution by the Common <br /> Council. <br /> SECTION VI. The Common Council hereby determines that the property owner is <br /> qualified for and is granted property tax deduction for a period of up to five (5) years. <br /> SECTION VII. The Common Council directs the City Clerk to cause notice of the <br /> adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br /> pursuant to Indiana Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication <br /> providing notice of the public hearing before the Common Council on the proposed <br /> confirming of said declaration. <br /> SECTION VIII. This Resolution shall be in full force and effect from and after its <br /> adoption by the Common Council and approval by the Mayor. <br /> Member of the Common 'Council <br /> and <br /> Council ejcin on Uv <br /> PkES�NTEG <br /> NOT APPROVED <br />
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