Recinding Tax Abatement - LaSalle Property Management Co. Inc. 237 N. Michigan St. (10 Year Real Property)

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Resolution No. l o 3_ - Q - A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, RESCINDING RESOLUTION NO. 3090-02 WHICH DECLARED 237 NORTH MICHIGAN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR TAX ABATEMENT FOR LASALLE PROPERTY MANAGEMENT CO., INC. WeVI IS, the Common Council of the City of South Bend, Indiana adopted a Declaratory Resolution on April 22, 2002, which declared the property located at 237 North Michigan Street an economic revitalization area for purposes of a ten (10) year real property tax abatement for LaSalle Property Management Co., Inc.; and 'fl11btrI S, said resolution was reviewed by the Community and Economic Development Committee which reviewed the written Tax Abatement Report from the Department of Community & Economic Development dated April 15, 2002, and detailed the information which verified the applicant's qualifications for the requested real property tax abatement under § 2 -80 of the South Bend Municipal Code addressing "mixed use developments in the Central Business District" prior to formal action by the South Bend Common Council at the April 22, 2002 Common Council meeting; and Wb£rM, the South Bend Common Council received written communication from the Petitioner's agent dated May 25, 2002 requesting that "our application for a tax abatement for the property at 237 N. Michigan Street be withdrawn "; and Wbl=40, the South Bend Common Council formally struck Bill No. 02 -42 which was the proposed confirming resolution for said property at its May 28, 2002; and directed the Council Attorney to prepare a resolution to rescind the declaratory resolution on this property. nOW, ZbtrdOTlt, 6e it V9001A)0, by the Common Council of the City of South Bend, Indiana, as follows: Section L Based on the verbal and written communications from the agent for the Petitioner, LaSalle Property Management Co., Inc., requesting withdrawal of their application for tax abatement consideration, the Common Council of the City of South Bend, Indiana, hereby rescinds Resolution No. 3090 -02 which was the Declaratory Resolution on the property located at 237 North Michigan Street, which declared said property an economic revitalization area for purposes of a ten (10) year real property tax abatement for LaSalle Property Management Co., Inc. at the Council's April-22, 2002 meeting. Section II. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. PRESENTED NOT APPROVED ADOPTED (c -0-0-L -0-L Filed In Clerk's Office JUN 0 a 2002 LOWML DUDA 0ITY0U9K80. WKD,RL