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BILL NO. 23-26 <br /> RESOLUTION NO. 5023-23 <br /> A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION <br /> OF DECLARATORY RESOLUTION NO. 4921-21 DESIGNATING <br /> CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, <br /> COMMONLY KNOWN AS <br /> 520 South Lafayette Boulevard, South Bend, IN 46601 <br /> AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN <br /> EIGHT-YEAR (8) MULTI-FAMILY RESIDENTIAL DEVELOPMENT <br /> REAL PROPERTY TAX ABATEMENT FOR <br /> Diamond View Apartments, LP <br /> WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br /> Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas <br /> for the purpose of tax abatement consideration; and <br /> WHEREAS, Declaratory Resolution No. 4921-21 designated the areas described as: <br /> Key Number: 71-08-12-305-001.000-026 <br /> Legal Description: Lots 55 56& 57& W 1/2 Vac Alley E&Adj&N 1/2 <br /> Vac Alley S&Adj To Lot 57 Martins Addn <br /> Key Number: 71-08-12-305-005.000-026 <br /> Legal Description: S 1/2 Lot 44 & 3 Ft N Side Lot 45 E 1/2 Vac Alley W <br /> &Adj Martins Add <br /> Key Number: 71-08-12-305-006.000-026 <br /> Legal Description: 32 Ft N Side Lot 45 & E 1/2 Vac Alley W & Adj <br /> Martins Add <br /> Key Number: 71-08-12-305-007.000-026 <br /> Legal Description: 31 Ft Sside Lot 45 & N 1/2 Vac Alley So. &Adj&E <br /> 1/2 Vac Alley W&Adj Martins Add <br /> Key Number: 71-08-12-305-008.000-026 <br /> Legal Description: Lots 58 59& 60 & W 1/2 Vac Alley E&Adj& S 1/2 <br /> Vac Alley N&Adj To Lot 58 Martins Addn <br /> Key Number: 71-08-12-305- 009.000-026 <br /> Legal Description: Lot 46 47 48 1/2 Vac All No. &Adj&E 1/2 Vac Alley <br /> W&Adj Martins Addition <br /> as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq., and <br /> South Bend Municipal Code Sections 2-76 et seq.; and <br /> WHEREAS, upon proper notice, a public hearing was held, after which the Common <br /> Council issued Confirming Resolution No. 4922-21 on July 12, 2021, confirming the adoption of <br /> Declaratory Resolution No. 4921-21; and <br /> WHEREAS, RealAmerica Development, LLC, an Indiana Limited Liability Company, <br /> was granted a three-year (3) designation period in Confirming Resolution No. 4922-21, which <br /> expires on June 28, 2024; and <br />