01-10-00 Council Meeting Minutes

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REGULAR MEETING JANUARY 10, 2000 RESOLUTIONS RESOLUTION NO. 2826 -00 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1202 SOUTH LAFAYETTE BOULEVARD TO BE AN ECONOMIC REVITALIZATION AREAFORPURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR PTD PROPERTIES, INC. (BRASS EAGLE FAMILY BILLIARDS, INC.) WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain area's within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1202 South Lafayette Boulevard, South Bend, Indiana; and which is more particularly described as follows: PARCELI Lots 18 and 19 of Stoll's First Addition in the City of South Bend, Indiana PARCP -L II Lot 17 and North 44 feet of Lot 16 of Stoll's First Addition in the City of South Bend, Indiana and which has Key Numbers 18- 8004 -0162 and 18 -8004 -1064, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public heari ng for the purposes of hearing all romonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION 1I. The Common Council hereby determines that the property owner is qualified for and is granted Real propotty tax deduction for a period of three (3) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et. se q. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. s /Charlotte Pfeifer Member of the Common Council