Reconfirming Tax Abatement - JVH Inc. 3152 Mary Court (10 Year Real Property)

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SECTION I. The Common Council hereby reconfirms and hereby ratifies its Declaratory and Confirmatory Resolutions, as amended, designating the area described as 3152 Mary Court 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 II. 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 substantially 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 III. 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 his business to accommodate the TJX Company's new warehouse distribution center. The petitioner was most cooperative and fair in his dealings with all involved in the TJX Company project. The petitioner also facilitated the site clearing process by relocating equipment on his property prior to the date at which his property was to be transferred. The petitioner did all of this without knowing exactly how or where he would continue operations. SECTION IV. The Council further exercises its authority pursuant to Indiana Code 6-1.1 - 12.1-11.3(c) and waives certain compliance requirements with such waiver taking place after public hearing. The Council further finds that each of the additional findings required pursuant to Indiana Code 6 -1.1- 12.1 -4.5 have been met, and that JVH's property at 3152 Mary Court is declared an Economic Revitalization Area. SECTION V. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED "\' (k-OZ NOT APPROVED ADOPTED CAA-0')- M tuber of the Common Council L 0 2002 __� cr�row'�;;w uo, �s,tiuzl „ia.