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

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RESOLUTION NO. O 9 D- o Z A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 237 NORTH MICHIGAN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR LASALLE PROPERTY MANAGEMENT CO., LLC WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 237 N. Michigan Street, South Bend, Indiana, and which is more particularly described as follows: All of Lots Numbered One (1), Two (2); also, Lot Numbered Three (3) all as shown on the Original Plat of the Town, now City of South Bend EXCEPTING THEREFROM the following described real estate: Commencing at a point 7 feet South of the Southeast corner of Lot Numbered Three (3); thence North 39.55 feet to a point on the East line of said Lot Numbered Three (3); thence West 172.88 feet, more or less, to the center line of a 14 foot public alley; thence South along the center line of said alley, 39.3 feet, more or less, to the center line of a public alley; thence East along the center line of said public alley to the point of beginning and which has Key Numbers 18 -1002 -0041 and 18 -1002 -0042, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1 et seq., and South Bend Municipal Code Sections 2 -76 et SeMc .; and WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1-1, et seq., and South Bend Municipal Code Sections 2 -76 et sue., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: