Confirming Tax Abatement - Indiana Land Trust 5181 209 E. Colfax Ave. (10 Year Real Property)

Home Browse Search

Except any part thereof that is in the following described real estate: That part of the Northwest Quarter of Section 12, Township 37 North, Range 2 East and that part of Lots Seven (7), Eight (8), and Nine (9) in the Original Plat of the Town of Lowell, now a part of the City of South Bend as recorded in the records of St. Joseph County, Indiana. and which has Key Numbers 18 -5003 -0056 and 18 -5003 -0058, 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. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. 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 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 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. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED NOT APPROVED ADOPTED Member of the Common Co cil Filed in Clerk's Office E 18 2001 LCRtiTAJ. DUDA C"CLE K, SM UND, DL