5108-25 Reconfirming Resolution - Real Property Tax Abatement for 3820 West Calvert Street

Home Browse Search

WHEREAS, completion of the project by end of the original designation period was not possible; and WHEREAS, the project will be completed by the end of 2026; and WHEARAS, Greenleaf Holdco LLC has requested that the designation period confirmed by Confirming Resolution No. 4941-22 be extended; and WHEREAS, the Common Council desires to reconfirm the designation of certain areas designated by Declaratory Resolution No. 4939-22 and confirmed by Confirming Resolution No. 4941-22 as an Economic Revitalization Area for purposes of a nine-year (9) real property tax abatement; and WHEREAS, the Common Council desires to extend the designation period confirmed by Confirming Resolution No. 4941-22; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby reconfirms Declaratory Resolution No. 4939-22 and Confirming Resolution No. 4941-22 for purposes of a nine-year(9)real property tax abatement. SECTION II. The designation as an Economic Revitalization Area for purposes of a nine-year(9) real property tax abatement expires on December 31, 2026. SECTION III. The Common Council hereby determines that Greenleaf Holdco LLC is qualified and is granted property tax deduction for a period of nine (9) years as shown in Section VI of Declaratory Resolution No. 4939-22 and further determines that the petition, the Statement of Benefits, and the Memorandum of Agreement between Greenleaf Holdco LLC and the City of South Bend associated with Declaratory Resolution No. 4939-22 as adopted on January 24, 2022, and Confirming Resolution No. 4941-22 as adopted on February 14, 2022, 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 IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. Canneth Lee, Council President South Bend Common Council Attest: latkglx,A) Bianca Tirado,ff y Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana on the 14th day of Janua , 2025, at 12 o'clock p.m. Bianc Tirado, City Cl k Office of the City C erk Approved and signed by me on the t 144' day of Aottoity , 2025, at l o'clock .m.