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RESOLUTION NO. 3�-Or <br />A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />2025 S. MAIN STREET <br />TO BE AN ECONOMIC REVITALIZATION AREA <br />FOR PURPOSES OF A TEN (10) YEAR <br />REAL PROPERTY TAX ABATEMENT FOR <br />AXELBERG & AXELBERG,LLC <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br />Declaratory Resolution designating certain areas within the City as Economic <br />Revitalization Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as 2025 S. <br />Main Street, South Bend, Indiana, and which is more particularly described as follows: <br />Lots 37 to 48 & 14' Vac Alley W & Adj & So 48' Bowman St & Vac Donald St, <br />Bowmans 1st Add. <br />Ireg Tract Beg 14'W & 18'S of SW Cor Lot 36 Bowmans & Being Pt of W1 /2 <br />SWI /4 Sec 13 -37 -2E Cont 1.85 Ac +/- <br />and which has Key Number 18- 8011 -0489 and 18- 8012 - 056702, as an Economic <br />Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br />before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and <br />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 />WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of <br />the Declaratory Resolution as Resolution No. 3212 -03 on July 28, 2003; and <br />WHEREAS, the Petitioner will exceed the two year designation period granted in the <br />Confirmatory resolution, which will expired on July 28, 2005; and <br />