Reconfirming Tax Abatement - C.D.T LLC Southeast Corner of Niles Ave and Corby Blvd (3 Year Real Property)

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WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of the Declaratory Resolution as Resolution No. 2466 -97 on June 9, 1997; and WHEREAS, the Petitioner has requested an additional period of time to complete construction of the planned project. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby reconfirms its Declaratory Resolution and its Confirmatory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of property tax abatement. Such designation is for Real property tax abatement only and is limited to two years and nine months 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 three (3) 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 -12.1 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. Member of the Common Council 2 PRESENTED NOT APPROVED ADOPTED 6-1H -`lq 4S aYYme"Qk Filed In Clark's Office JUN 1 5 1999 L09MAJ. DUDA CRY CLERK, SO. SEND, lid.