Laserfiche WebLink
WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of up to seven (7) <br />years, and further determines that the petition, the Memorandum of Agreement between <br />the Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6-1.1-12 et se . <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />I .. <br />Member of the Common Counci <br />hin~ of this bill is only to provide <br />a g~op~ortunify f:;r p~;bLc hearing and <br />Council action on this issue. <br />~, <br />P~ESi=s`fl'E!3 ~~~ "~Vl~ <br />r1C3T ~PP~.~~~~ <br />~il~d !n Cl~rk'~ C~lce <br />JUL 2 4 2008 <br />1Cf,~d `loofl~E <br />CITY C'~Er,K, ;o. ~ERp! , ~E~~ <br />E~UGPTEFJ~ <br />