02-25-08 Council Meeting Agenda & Packet

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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 3445 William Richardson Drive AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FOUR-YEAR REAL PROPERTY TAX ABATEMENT FOR Jade Elephant Holding, LLC (Lake Michigan Mailers, Inc.) WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 3445 William Richardson Drive, South Bend, Indiana, and which is more particularly described as follows: Lot Numbered Fourteen (14) as shown on the recorded Plat of the Toll 12oad Industrial Park Section 6, recorded April 7, 1989 as document number 8908570 in the Office of the Recorder of St, Joseph, County, Indiana. and which has Key Number 25-1013-021111 presently at this point and time, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et se ., and South Bend Municipal Code Sections 2-76 et seg., and; WHEREAS, the Department of Community and Economic Development 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 se ., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by Iaw; and WHEREAS, the Community and Economic Development 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