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RESOLUTION NO. <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 />3851 OLIVE ROAD <br />TO BE AN ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF A TEN (10) YEAR REAL <br />PROPERTY TAX ABATEMENT FOR <br />JVE INVESTMENT LLC (THE TIRE RACK, 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 3851 Olive Road, South Bend, Indiana, and which is more <br />particularly described as follows: <br />WEST SIDE SOUTHWEST 1/4 65.40 ACRES AND SOUTHWEST NORTHWEST 1/4 <br />SOUTH OF TOLL ROAD 1.5 ACRES MORE OR LESS SECTION 19 38 2 EAST. <br />and which has Key Numbers, 251011 -0186, 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 />