Designating Tax Abatement - Gibbs Wire & Steel Co. Inc. 3751 Olive Rd. (10 Year Real Property)

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RESOLUTION NO. �' I -1 3-00 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 3751 OLIVE ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR GIBBS WIRE & STEEL CO., INC. 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 3751 Olive Road, South Bend, Indiana, and which is more particularly described as follows: LOT NUMBERED ONE (1) AS SHOWN ON THE RECORDED PLAT OF GIBBS' OLIVE ROAD MINOR SUBDIVISION RECORDED JUNE 2, 2000 AS DOCUMENT NUMBER 0026450 IN THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA. and which has Key Number, 25- 1011 - 018602, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sec., 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, et sea., and South Bend Municipal Code Sections 2- 76, et sea., 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.