25-43 Modifying and Reconfirming Resolution - Real Property Tax Abatement for Verbio North America LLC at 3201 West Calvert Street

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Filed in Clerk's Office Oct 22, 2025 BILL NO. 25-43 Bianca Tirado RESOLUTION NO. City Clerk, South Bend, IN A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF DECLARATORY RESOLUTION NO. 5019-23 DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3201 W. Calvert Street, South Bend, Indiana 46613 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT-YEAR (8) REAL PROPERTY TAX ABATEMENT FOR Verbio North America LLC WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as an Economic Revitalization Area for the purpose of tax abatement consideration; and WHEREAS,Declaratory Resolution No. 5019-23 designated the area described as: Key Number: 71-08-16-400-002.000-026 Commonly Known As: 3201 W. Calvert Street, South Bend, IN 46613 Legal Description: Vac Sunset Pk Se 1/4 Ex Pt Sold To City S&Adj & Mid Pt S 1/2 E Of Rr Cont 61.834 Ac+- Sec 16-37- 2e 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, upon proper notice, a public hearing was held, after which the Common Council issued Confirming Resolution No. 5026-23 on June 12, 2023, confirming the adoption of Declaratory Resolution No. 5019-23; and WHEREAS, Verbio North America LLC, a Foreign Limited Liability Company, was granted a designation period which expires on December 31,2026, in Confirming Resolution No. 5026-23; and WHEREAS, Verbio North America LLC has begun a project to modernize the real property located at the area designated, through the adoption of Declaratory Resolution No. 5019- 23 and confirmed through the adoption of Confirming Resolution No. 5026-23, as an Economic Revitalization Area for the purpose of tax abatement consideration; and