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REGULAR MEETING <br />AUGUST 11, 2003 <br />RESOLUTION NO. 3227 -03 A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN <br />._.AREAS WITHIN__ THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 201 NORTH <br />OLIVE STREET AN ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF A TEN (10) YEAR REAL <br />PROPERTY TAX ABATEMENT FOR KINNUCAN <br />WELSCH REALTY L.L.C. <br />WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for <br />consideration by the Common Council of the City of South Bend, Indiana requesting that the area <br />commonly known as 201 North Olive Street, South Bend, Indiana, and which is more particularly <br />described as follows: <br />North 57.39 F + on Olive x 257" of Lots 11 & 12 & P + S of 33, 32, 31, 30 & all of <br />29 & 14" Vacant Alley West End Subdivision. <br />60.37 Ft on Olive Street x 261 Foot on Orange being Lot 10 and parts of 11- 30 -31- <br />32-33 & 14 Foot Alley West End Subdivision. <br />and which has Key Numbers 18- 2038 - 128701 and 18- 2038 -1289, be designated as an Economic <br />Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et se g., and South Bend <br />Municipal Code Sections 2 -76 et seci., and, <br />WHEREAS, the Department of Community and Economic Development has concluded an <br />investigation and prepared a report with information sufficient for the Common Council to determine <br />that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et M., <br />and South Bend Municipal Code Sections 2-76,!g sea., and has further prepared maps and plats <br />showing the boundaries and such other information regarding the area in question as required by law; <br />and <br />WHEREAS, the Community and Economic Development Committee of the Common <br />Council has reviewed said report and recommended to the Common Council that the area qualifies <br />as an Economic 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 />A. That the description of the proposed redevelopment or rehabilitation meets the <br />applicable standards for such development. <br />11 <br />