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ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT(8)YEAR MIXED- <br /> USE REAL PROPERTY TAX ABATEMENT FOR THE MONREAUX, LLC;"and <br /> WHEREAS, Bill No. 22-38 was passed by a vote of eight(8)ayes and zero (0) nays; and <br /> WHEREAS, upon adoption by the Common Council on August 8, 2022, Bill No. 22-38 <br /> was filed as Declaratory Resolution No. 4972-22; and <br /> WHEREAS, upon proper notice, a public hearing was held, after which the Common <br /> Council issued Confirming Resolution No. 4975-22 on August 22, 2022, confirming the adoption <br /> of Declaratory Resolution No. 4972-22; and <br /> WHEREAS, through the adoption of Declaratory Resolution No. 4792-22on August 8, <br /> 2022, and the adoption of Confirming Resolution No. 4975-22 on August 22,2022, the Common <br /> Council intended to grant The Monreaux LLC, an Indiana Limited Liability Company, an eight- <br /> year(8)mixed-use real property tax abatement; and <br /> WHEREAS,through the adoption of Declaratory Resolution No.4792-22 and the adoption <br /> of Confirming Resolution No. 4975-22, the Common Council intended to grant The Monreaux <br /> LLC a three-year(3)designation period,which would have expired on August 8, 2025; and <br /> WHEREAS, the Common Council now desires to amend Declaratory Resolution No. <br /> 4792-22 to match the form of Declaratory Resolution filed by the Department of Community <br /> Investment on July 20, 2022, to ensure that The Monreaux LLC receives the benefits of the real <br /> property tax abatement as the Common Council intended; and <br /> WHEREAS,the Common Council further desires to modify and reconfirm the adoption of <br /> Declaratory Resolution No. 4972-22, as amended by this Resolution, designating certain areas an <br /> Economic Revitalization Area for purposes of an eight-year (8) mixed-use real property tax <br /> abatement; and <br /> WHEREAS, completion of the project by end of the original designation period as the <br /> Common Council intended through the adoption of Declaratory Resolution No.4972-22 on August <br /> 8, 2022, and the adoption of Confirming Resolution No. 4975-22 on August 22, 2022, was not <br /> possible; and <br /> WHEREAS, The Monreaux LLC has requested to extend the designation period that the <br /> Common Council intended to confirm through the adoption of Confirming Resolution No. 4975- <br /> 22; and <br /> WHEREAS, the Common Council further desires to reconfirm the designation of certain <br /> areas designated by Declaratory Resolution No. 4972-22, as amended by this Resolution, and <br /> confirmed by Confirming Resolution No. 4975-22 as an Economic Revitalization Area for <br /> purposes of an eight-year(8) mixed-use development real property tax abatement; and <br /> WHEREAS, the Common Council further desires to extend the designation period <br /> confirmed by Confirming Resolution No. 4975-22; and <br />