5066-24 Reconfirming Resolution: Real Property Tax Abatement for SBCC RE LLC and SBCC Development Corp

Home Browse Search

WHEREAS, the Common Council desires to transfer the abatement approval from SB QALICB Building LLC to SBCC RE LLC, and SBCC Development Corp. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The area designated as an Economic Revitalization Area by Resolution No. 4827-19 as adopted on November 25, 2019, and confirmed by Resolution No. 4828-19 as adopted on December 9, 2019, is deleted and in its place is inserted the area described as: Key Number: 71-03-30-400-014.000-009 Commonly Known As: 7002 Lincoln Way West Legal Description: Lot 4 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 Key Number: 71-03-30-400-017.000-009 Commonly Known As: 7016 Lincoln Way West Legal Description: Lot 2 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 Key Number: 71-03-30-400-018.000-009 Commonly Known As: 7102 Lincoln Way West Legal Description: Lot 1 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 Key Number: Commonly Known As: Legal Description: 71-03-30-400-019.000-009 6912 Lincoln Way West Lot 5 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 Key Number: 71-03-30-400-020.000-009 Commonly Known As: 2010 Pine Road Legal Description: Lot 6 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 Key Number: 71-03-30-400-021.000-009 Commonly Known As: 1904 Pine Road Legal Description: Lot 7 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 Key Number: Commonly Known As: Legal Description: 71-03-30-400-022.000-009 7152 Lincoln Way West Lot 3 South Bend Chocolate Company Minor 24/25 NP #489 2/21/2023 SECTION II. The Common Council hereby reconfirms Declaratory Resolution No. 4827-19 as amended by Section I of this Resolution and Confirming Resolution No. 4828-19 as amended by Section I of this Resolution for purposes of a six -year (6) real property tax abatement. SECTION III. The designation as an Economic Revitalization Area for purposes of a six -year (6) real property tax abatement expires on December 31, 2024. SECTION IV. The Common Council hereby determines that SBCC RE LLC and SBCC Development Corp., collectively, is qualified and is granted property tax deduction for a period of six (6) years as shown in Section VI of Declaratory Resolution No. 4827-19 and further determines that the petition, the Statement of Benefits, and the Memorandum of Agreement between SB QALICB Building LLC and the City of South Bend associated with Declaratory Resolution No. 4827-19 as adopted on November 25, 2019, and Confirming Resolution No. 4828-19 as adopted on December 9, 2019, comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. SECTION V. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor.