Confirming Tax Abatement - Aircraft Landing Systems, Honeywell, Inc. 3520 Westmoor St. (10 Year Real Property)

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RESOLUTION NO. 3O I S -O A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3520 WESTMOOR STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR AIRCRAFT LANDING SYSTEMS, HONEYWELL, INC. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 3520 Westmoor Street, South Bend, Indiana, and which is more particularly described as follows: NESE 4 37 2E Tract 2 Cont 39.32 AC and which has Key Number 18- 2193 -7255, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met; and WHEREAS, notwithstanding IC 6 -1.1 -12.1, the city may grant the assessed value deductions described if, before July 1, 2001, both the property owner and the city complete all the procedures required by IC 6 -1.1 -12.1 that would have been necessary to comply with IC 6- 1.1 -12.1 and for the city to grant the deductions. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: