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BILL NO. 20-26 <br />RESOLUTION NO. 4866-20 <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />505, 507, 511 and 513 S. Michigan Street, South Bend, IN 46601 <br />AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A NINE (9) <br />YEAR REAL PROPERTY TAX ABATEMENT FOR <br />Commonwealth Development Corporation of America <br />WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for <br />consideration by the Common Council of the City of South Bend, Indiana requesting that the <br />area located at 505, 507, 511 and 513 S. Michigan Street, South Bend, IN. which is more <br />particularly described as: <br />LEGAL DESC. TO BE ADDED <br />and which has Key Numbers 018-3017-0628, 018-3017-0629, 018-3017-0631, 018-3017-0632 be <br />designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 <br />et seq., and South Bend Municipal Code Sections 2-76 et seq., and; <br />WHEREAS, petitioner has agreed to and has accepted responsibility to report any changes <br />in the final legal description and to report the final, appropriate Key Number to the Department of <br />Community Investment and to the Office of the City Clerk; and <br />WHEREAS, the Department of Community Investment has concluded an investigation and <br />prepared a report with information sufficient for the Common Council to determine that the area <br />qualifies as an Economic Revitalization Area under Indiana Code § 6-1.1-12.1, et seq., and South <br />Bend Municipal Code Sections 2-76, et seq., and has further prepared maps and plats showing the <br />boundaries and such other information regarding the area in question as required by law; and <br />WHEREAS, the Community Investment Committee of the Common Council has reviewed <br />said report and recommended to the Common Council that the area qualifies as an Economic <br />Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />