Designating Tax Abatement - Abcatrice, LLC (Omicron Biochemicals, Inc.) 115 S. Hill St. (7 Year Real Property)

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RESOLUTION NO. 3y1%-6r 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 115 SOUTH HILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SEVEN (7) YEAR REAL PROPERTY TAX ABATEMENT FOR ANCATRICE, LLC (OMICRON BIOCHEMICALS, 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 115 South Hill Street, South Bend, Indiana, and which is more particularly described as follows: Lot Numbered One Hundred Sixty -six (166) as shown on the recorded Plat of Samuel L. Cottrell's First Addition to the Town of Lowell, now part of the City of South Bend, recorded April 28, 1854 in Plat Book "T ", page 236 in the Office of the Recorder of St. Joseph County, Indiana. and which has Key Number 18 -5010 -0300, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6 -1.1 -12.1 et sec., and South Bend Municipal Code Sections 2 -76 et seq., and; WHEREAS, the Department of Community and Economic Development 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 SeMc 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 and Economic Development 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: