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LIFiledffice <br /> BILL NO. 23-34 <br /> RESOLUTION NO. 5030-23 iND,IN <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 /> 1405 Portage Avenue, South Bend, IN 46616 <br /> AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br /> FIVE-YEAR (5) REAL PROPERTY TAX ABATEMENT FOR <br /> Peak Investment and Asset Management LLC <br /> WHEREAS, a petition for real property tax abatement consideration has been filed with <br /> the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, <br /> requesting that the area described as: <br /> Key Number: 71-03-35-360-020.000-026 <br /> Commonly Known As: 1405 Portage Avenue <br /> Legal Description: Lot C Victory Add& Vac Alley N&Adj&Ex Se <br /> Tri Cor to City 20/21 Con w/018-2182-6830 Per <br /> Assessors Req IC 6-1.1-5-16 <br /> be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1- <br /> 12.1 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 Key Number and legal description to the Department of Community Investment and to the <br /> 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 />