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~--~~ L\ 11~ o - of -1zZ <br />RESOLUTION NO. <br />A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS <br />WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY <br />KNOWN AS <br />Vacant land in the Airport Development area <br />AS AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A SEVEN-YEAR REAL <br />PROPERTY TAX ABATEMENT FOR <br />Olive Cleveland Partners LLC <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has <br />adopted a Declaratory Resolution designating certain areas within the City as Economic <br />Revitalization Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as <br />vacant land in the Airport Economic Development area ,South Bend, Indiana, and which <br />is more particularly described as follows: <br />Kidders Olive Road Minor Subdivision Lot 2 <br />and which has Key Number 025-1011-018601, as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; <br />and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrance's and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />