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RESOLUTION NO. 11 <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />3751 OLIVE ROAD <br />TO BE AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A TEN (10) YEAR REAL <br />PROPERTY TAX ABATEMENT FOR <br />GIBBS WIRE & STEEL CO., INC. <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, has adopted a Declaratory Resolution designating certain <br />areas within the City as Economic Revitalization Areas for the <br />purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly <br />known as 3751 Olive Road, South Bend, Indiana, and which is more <br />particularly described as follows: <br />LOT NUMBERED ONE (1) AS SHOWN ON THE RECORDED PLAT OF GIBBS' OLIVE <br />ROAD MINOR SUBDIVISION RECORDED JUNE 2, 2000 AS DOCUMENT NUMBER <br />0026450 IN THE OFFICE OF THE RECORDER OF ST. JOSEPH COUNTY, INDIANA. <br />and which has Key Numbers, 251011- 018602, as an Economic <br />Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution <br />and the public hearing before the Council has been published <br />pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of <br />hearing all remonstrances and objections from interested persons; <br />and <br />WHEREAS, the Council has determined that the qualifications <br />for an economic revitalization area have been met. <br />