Designating Tax Abatement - 1801 Commerce Dr. Enzyme Research Laboratories Inc (5 Year Personal Property)

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RESOLUTION NO. 3S S 3— O (-O 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 1801 COMMERCE DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR ENZYME RESEARCH LABORATORIES, INC. WHEREAS, a petition for personal property tax abatement consideration 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 1801 Commerce Drive, South Bend, Indiana, and which is more particularly described as follows: E PT LOT 25 AIRPORT INDUSTRIAL PARK PHASE II- SEC 33- 38 -2E CONT .40 ACRES + / -. W 287 FT OF LOT 25 AIRPORT INDUSTRIAL PARK PHASE II SW 1 -4 SEC. 33 -38 -2E 1.57 ACRES S 80.5 FT OF LOT 24 SW AIRPORT INDUSTRIAL PARK PHASE II SEC 33 - 38 -2E and which has Key Numbers 025- 1008 - 033502; 025- 1008 - 033508; 018 - 2183 - 688612; 018- 2183- 688603, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sue., and South Bend Municipal Code Sections 2 -76 et sue., 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 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 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.