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RESOLUTION NO. li � � <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 />7101 Vorden Parkway <br />AS AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A (5) FIVE YEAR REAL <br />PROPERTY TAX ABATEMENT FOR <br />THE TIRE RACK, INC. <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 />7101 Vorden Parkway, South Bend, Indiana, and which is more particularly described as <br />follows: <br />Lot 1 <br />B W Business Park Major Sub <br />02 -03 New Replat 4013-16-01 <br />and which has Key Number 025- 1011 - 018604, be designated as an Economic <br />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 />remonstrances 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 />