25-39 Amending and Reconfirming Resolution - Real Property Tax Abatement for 505 South Michigan Street (Substitute)

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"SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5-3-1 and Indiana Code 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration." "SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor." SECTION II. The Common Council hereby reconfirms Declaratory Resolution No. 4972-22, as amended by this Resolution, and Confirming Resolution No. 4975-22 for purposes of an eight- year(8)mixed-use development real property tax abatement. SECTION III. The designation as an Economic Revitalization Area for purposes of an eight-year (8)mixed-use development real property tax abatement expires on December 31, 2028. SECTION IV. The Common Council hereby determines that the Petitioner is qualified and is granted property tax deduction for a period of eight(8)years as shown in Section VI of Declaratory Resolution No. 4972-22, as amended by this Resolution, and further determines that the petition, the Statement of Benefits,and the Memorandum of Agreement between the Petitioner and the City of South Bend 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 V. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. Canneth J. Lee, Council President South Bend Common Council Attest: Bianca L. Tirado,City 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 day of , 2025, at o'clock .m.