Designating Tax Abatement - South Bend Redevelopment Commission benefit of: JVH, INC. 4833 Ameritech Dr. (10 Year Real Property)

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SECTION VI. The Common Council pursuant to Section 2 -84 of the South Bend Municipal Code finds the ten (10) years is the appropriate and rational time period for this tax abatement in light of the following: The petitioner was asked by the City of South Bend to relocate the business to accommodate the TJX Company's new warehouse distribution center. 2. The petitioner will incur additional building costs associated with the new location as a result of the restrictive building covenants of the new area. The new location fits the City of South Bend's development plans for the area and will support the warehouse'and distribution services already located within the area. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of ten (10) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. PRESENTED t � -`�-dL NOT APPROVED ADOPTED o --0 - 01) Member of the Co on Council/ ki Filed in Clerk's Office JUN 0 k, 2002 LORMAJ. DUDA WICLSKS06KND.DL