Designating Tax Abatement - Cleveland Road Partners L.P. Parcel of land on Cleveland Rd adjacent & West of 4647 Cleveland Road. (10 Year Real Property)

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RESOLUTION NO. 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 A PARCEL OF LAND ON CLEVELAND ROAD ADJACENT AND WEST OF 4647 CLEVELAND ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) REAL PROPERTY TAX ABATEMENT FOR CLEVELAND ROAD PARTNERS L.P. 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 a parcel of land on Cleveland Road adjacent and west of 4647 Cleveland Road, South Bend, Indiana, and which is more particularly described as follows: Vacant land Sec 20 -38 -2E 27.316 acre tract lying east'' /: N E Qtr lying north Cleveland Road and which has Key Number 25 -1012- 019937, 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 sea., 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 seq., 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.