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24-01 Correcting Scrivener's Error: Peak and Assest Management LLC
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24-01 Correcting Scrivener's Error: Peak and Assest Management LLC
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1/10/2024 2:11:57 PM
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1/3/2024 3:19:24 PM
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BILL NO.23-34 <br />RESOLUTION NO.5031-23 <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 />SECTION I. The Common Council hereby determines and finds that the Petition for Real Property <br />Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the <br />requirements of Indiana Code 6-1.1-12.1 et seq. for tax abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />
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