5000-23 Confirming a Declaratory Property: 2652 Jaclyn Ct. & 3161 Youngs Ct. 6-Year Tax Abatement

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BILL NO. 23-15 RESOLUTION NO. 5000-23 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2652 Jaclyn Court, South Bend, IN 46614 AND 3161 Youngs Court, South Bend, IN 46614 ECONOMIC REVITALIZATION AREAS FOR PURPOSES OF A SIX-YEAR (6) REAL PROPERTY TAX ABATEMENT FOR THE ROBERT HENRY CORPORATION WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the areas described as: Key Number: 71-08-22-103-005.000-026 Commonly Known As: 2652 Jaclyn Court, South Bend, IN 46614 Legal Description: Lot 13 Youngs Commerce Park 00-01 Replat Trans 5206 7/16/99 and Key Number: 71-08-22-102-002.000-026 Commonly Known As: 3161 Youngs Court, South Bend, IN 46614 Legal Description: Lot 3c Youngs Commerce Park 2nd Relpat 03-04 Replat Per Tr 921410-30-2002 00-01 Replat Trans be designated as Economic Revitalization Areas under the provisions of Indiana Code§ 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq.; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the areas described herein as Economic Revitalization Areas for the purposes of tax abatement. Such designation is for industrial development real property tax abatement only and is limited to three (3) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for up to a period of six (6) years as shown by the