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WHEREAS, the project will be completed by the end of 2026; and <br /> WHEARAS, Greenleaf Holdco LLC has requested that the designation period confirmed <br /> by Confirming Resolution No. 4945-22 be extended; and <br /> WHEREAS, the Common Council desires to reconfirm the designation of the area <br /> designated by Declaratory Resolution No. 4944-22 and confirmed by Confirming Resolution No. <br /> 4945-22 as an Economic Revitalization Area for purposes of a five-year(5)personal property tax <br /> abatement; and <br /> WHEREAS, the Common Council desires to extend the designation period confirmed by <br /> Confirming Resolution No. 4945-22; and <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 reconfirms Declaratory Resolution No. 4944-22 and <br /> Confirming Resolution No. 4945-22 for purposes of a five-year(5) real property tax abatement. <br /> SECTION II. The designation as an Economic Revitalization Area for purposes of a five-year(5) <br /> personal property tax abatement expires on December 31, 2026. <br /> SECTION III. The Common Council hereby determines that Greenleaf Holdco LLC is qualified <br /> and is granted property tax deduction for a period of five (5) years as shown in Section V of <br /> Declaratory Resolution No. 4944-22 and further determines that the petition, the Statement of <br /> Benefits, and the Memorandum of Agreement between Greenleaf Holdco LLC and the City of <br /> South Bend associated with Declaratory Resolution No. 4944-22 as adopted on January 24, 2022, <br /> and Confirming Resolution No. 4945-22 as adopted on February 14, 2022, comply with Chapter <br /> 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12 et seq. <br /> SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the <br /> Common Council and approved by the Mayor. <br /> 4 A2.. <br /> Canneth Lee, ouncil President <br /> South Bend Common Council <br /> Attest: <br /> Bianca Tirado, ity Clerk <br /> Office of the City Clerk <br /> Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the <br /> City of South Bend, Indiana on the 14th day of January , 2025, at 12 <br /> o'clock p.m. <br /> 4144414/ <br /> Bianca Tirado, C. lerk <br /> Office of the Cit Jerk <br /> Approved and signed by me on the day of J•l b a f/ , 2025, at I o'clock <br /> .m. / <br /> Jam Mueller, Mayor <br /> Cit of South Bend, Indiana <br />