Designating Tax Abatement - Lippert Compoents Manufacturing Inc. 1902 W. Sample St. (2 Yr. Real Property)

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RESOLUTION NO. 3 3� A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1902 West Sample Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TWO -YEAR (2) REAL PROPERTY TAX ABATEMENT FOR Lippert Components Manufacturing Inc. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 1902 West Sample Street, South Bend, Indiana, and which is more particularly described as follows: Lot 1 Project X Minor Sub 03 -04 New Replat TR 5162 -7 -18 -2002 and which has Key Number 71- 018 - 09041 -00, Area under the provisions of Indiana Code § 6 -1. Sections 2 -76 et seq., and; be designated as an Economic Revitalization 1 -12.1 et SeMc ., and South Bend Municipal Code WHEREAS, the Department of Community Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code § 6 -1.1 -12.1, et sM., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: