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<br />RESOLUTION NO. 1669 -88
<br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
<br />SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
<br />SOUTH BEND, INDIANA COMMONLY KNOWN AS 301 EAST SAMPLE
<br />STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
<br />A 3 YEAR REAL PROPERTY TAX ABATEMENT FOR MOSSBERG &
<br />COMPANY, INC .
<br />WHEREAS, a petition for real property tax abatement has been filed with the City
<br />Clerk for consideration by the Common Council of the City of South Bend, Indiana,
<br />requesting that the area commonly known as 301 East Sample Street, South Bend,
<br />Indiana, and which is more particularly described as follows:
<br />Lots Numbered One (1) and Two (2) as shown on the recorded Plat of William S.
<br />Anderson's Subdivision of Lot 40 in Denniston and Fellow's Addition to the City of
<br />South Bend, excepting the South 40 feet for the widening of Sample Street, and
<br />together with the South Half of that part of the vacated 14 foot East -West alley
<br />lying North and adjacent to said Lot 2.
<br />Lots Numbered Eleven (11), Twelve (12), Thirteen (13), Fourteen (14), Fifteen
<br />(15), Sixteen (16), Seventeen (17), Eighteen (18), Nineteen (19) and Twenty (20) as
<br />shown on the recorded plat of John C. Knoblock's Subdivision of Out Lot Thirty -nine
<br />(39) in Denniston & Fellows Addition to the Town, now City of South Bend, recorded
<br />March 28, 1902, in Plat Book 8, Page 69, together with the vacated East -West alley
<br />lying between Lots Numbered Fifteen (15) and Sixteen (16); excepting the South Forty
<br />(40) feet of Lots Numbered Nineteen (19) and Twenty (20) heretofore conveyed to the
<br />Civil City of South Bend, Indiana for street and roadway purposes.
<br />Also Lots Numbered Three (3), Four (4), Five (5), Six (6), Seven (7), Eight (8),
<br />Nine (9), Ten (10), Eleven (11) and Twelve (12) as shown on the recorded plat of
<br />William S. Anderson's Subdivision of Lot Numbered Forty (40) in Denniston and
<br />Fellows' Addition to the City of South Bend, in St. Joseph County, Indiana, together
<br />with the vacated East -West alley between Lots Numbered Nine (9), Ten (10), Eleven
<br />(11) and Twelve (12), on the North side, and Lots Numbered Three (3), Four (4), Five
<br />(5), Six (6), Seven (7) and Eight (8) on the South side, together with the vacated
<br />North -South alley lying between Lots Numbered Six (6) and Seven (7) and together
<br />with the vacated North -South alley lying between Lots Numbered Five (5) and Six (6);
<br />excepting the South Forty (40) feet of Lots Numbered Seven (7) and Eight (8).
<br />be designated as an Economic Revitalization Area under the provisions of Indiana
<br />Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code section 2 -76 et seq.; and
<br />WHEREAS, the Department of Economic Development has concluded an investigation
<br />and prepared a report with information sufficient for the Common Council to
<br />determine that the area qualifies as an Economic Revitalization Area under Indiana
<br />Code 6 -1.1- 12.1 -1, et. seq. and South Bend Municipal Code section 2 -76, et. seq.,
<br />and has further prepared maps and plats showing the boundaries and such other
<br />information regarding the area in question as required by law; and
<br />WHEREAS, the Human Resources and Economic Development Committee of the Common
<br />Council has reviewed said report and recommended to the Common Council that the area
<br />qualifies as an Economic Revitalization Area.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. The Common Council hereby determines and finds that the Petition for
<br />Real Property Tax Abatement and the Statement of Benefits form completed by the
<br />Petitioner meet the requirements of I.C. 6 -1.1- 12.1 -1 et seq., and qualifies under
<br />the provisions of South Bend Municipal Code Section 2 -76, et seq., for tax
<br />abatement.
<br />SECTION II. The Common Council hereby determines and finds the following:
<br />A. That the estimate of the value of the redevelopment or rehabilitation is
<br />reasonable for projects of this nature;
<br />B. That the estimate of the number of individuals who will be employed or whose
<br />employment will be retained can reasonably be expected to result from the proposed
<br />described redevelopment or rehabilitation;
<br />C. That the estimate of the annual salaries of those individuals who will be
<br />employed or whose employment will be retained can be reasonably expected to result
<br />from the proposed redevelopment or rehabilitation;
<br />D. That the other benefits about which information was requested are benefits
<br />that can be reasonably expected to result from the proposed described redevelopment
<br />or rehabilitation; and
<br />E. That the totality of benefits is sufficient to justify the deduction, all of
<br />which satisfy the requirements of I.C. 6 -1.1- 12.1 -3.
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