5139-25 Designating Resolution - Real Property Tax Abatement for KCG Companies, LLC

Home Browse Search

BILL NO. 25-34 RESOLUTION NO. 5139-25 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2020 S. MAIN STREET SOUTH BEND IN 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN-YEAR (10) REAL PROPERTY TAX ABATEMENT FOR KCG Donald & Main, LP (c/o KCG Companies, LLC) WHEREAS, a petition for real property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area described as: Key Number: 71-08-13-355-004.000-026 Local Parcel Number: 018-8011-0500 Commonly Known As: 18 VAC LOT 96X165 MAIN ST Legal Description: Lots 24 And 25 Bowman Add To The Town Of Myler Key Number: 71-08-13-355-003.000-026 Local Parcel Number: 018-8011-050001 Commonly Known As: 2020 Main St. Legal Description: Lot 26 Thru 28 Bowman Add To Town Of Myler Now Pt Of City Of So Bend Key Number: 71-08-13-355-002.000-026 Local Parcel Number: 018-8011-0484 Commonly Known As: 2018 S MAIN ST Legal Description: Lot 29 Bowmans Add To Town Myler Now Pt City South Bend be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1- 12.1 et seq. and South Bend Municipal Code Sections 2-76 et seq.; and WHEREAS, the petitioner has agreed to and has accepted responsibility to report any changes in the Key Numbers and legal descriptions to the Department of Community Investment and to the Office of the City Clerk; and WHEREAS,the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1 et seq. and South Bend Municipal Code Sections 2-76 et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS,the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: