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Bill No. 23-44 Advantix Corporation CONFIRMING -Multiple Properties 10 Year Real Property Tax Abatement
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Bill No. 23-44 Advantix Corporation CONFIRMING -Multiple Properties 10 Year Real Property Tax Abatement
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7/6/2023 10:56:35 AM
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Key Number: 71-08-02-459-005.000-026 <br />Commonly Known As: 425 Leland Avenue <br />Legal Description: Lot 11 Ex 21.5 Ft W Side Smith & Jacksons Sub. <br />Key Number: 71-08-02-459-006.000-026 <br />Commonly Known As: 421 Leland Avenue <br />Legal Description: Lot 10 Smith & Jacksons Sub <br />Key Number: <br />Commonly Known As <br />Legal Description: <br />Key Number: <br />Legal Description <br />Key Number: <br />Commonly Known As <br />Legal Description: <br />Key Number: <br />Commonly Known As <br />Legal Description: <br />71-08-02-459-007.000-026 <br />419 Leland Avenue <br />Lot 9 Smith & Jacksons Sub <br />71-08-02-459-008.000-026 <br />Lots 12 3 & 4 Smith & Jacksons Sub <br />71-08-02-185-017.000-026 <br />901 Blaine Avenue <br />Lot 115 Muessels 2nd <br />71-08-02-185-016.000-026 <br />905 Blaine Avenue <br />Lot 116 Muessels 2nd <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, notice of the adoption of a Declaratory Resolution and the public hearing <br />before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; 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 South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the <br />area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such <br />designation is for multi -family residential development real property tax abatement only and shall <br />expire on December 31, 2026. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for <br />and is granted real property tax deduction for up to a period of ten (10) years as shown by the <br />schedule outlined below as well as the attachment pursuant to Indiana Code 6-1.1-12.1-17 and <br />further determines that the petition, the Memorandum of Agreement between the Petitioner and <br />
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