5148-25 Modifying and Reconfirming Resolution - Real Property Tax Abatement for Verbio North America LLC at 3201 West Calvert Street

Home Browse Search

property improvements cannot begin until Verbio North America LLC has received the necessary federal approvals; and WHEREAS, because of these delays, which are outside the control of Verbio North America LLC, the Petitioner has requested to extend the designation period confirmed by Confirming Resolution No. 5026-23; and WHEREAS, the Common Council desires to reconfirm the designation of a certain area designated by Declaratory Resolution No. 5019-23 and confirmed by Confirming Resolution No. 5026-23 as an Economic Revitalization Area for purposes of an eight-year (8) real property tax abatement; and NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby reconfirms Declaratory Resolution No. 5019-23 and Confirming Resolution No. 5026-23 designating as an Economic Revitalization Area for purposes of an eight-year(8) real property tax abatement 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 SECTION II. The designation as an Economic Revitalization Area for purposes of an eight-year (8)real property tax abatement expires on December 31, 2030. SECTION III. 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. 5019-23 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 IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. .7"'L--"—,' /2 Canneth J. Lee, Council President South Bend Common Council Attest: LON/ , ii Bianca L. Tirado, Ci 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 28th day of October , 2025, at 12 o'clock p.m. 40kit'fr" ,4 i Bianca L. Tirado, City rk Office of the City Clerk