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

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SECTION I. 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. SECTION II. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION III. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et sea. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED ,b_L4 -�� NOT APPROVED ADOPTED 6-1-1-02, PA Member of the Common Council Rled In Clerk's Office JUN 0 �p 2002 WYOLMMK,YO MCI AL