Designating Tax Abatement - Olive South Bend L.L.C. NW corner of Olive Road & Old Clevlenad Rd (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 NW CORNER OF OLIVE ROAD AND OLD CLEVELAND ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A REAL PROPERTY TAX ABATEMENT FOR OLIVE SOUTH BEND, L.L.C. 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 NW comer Olive Road and Old Cleveland Road, South Bend, Indiana, and which is more particularly described as follows: Lot 1 and Lot 2 as said Lots are known and designated in the recorded plat of Kidder's Olive Road Minor Subdivision (Office of the Recorder of St. Joseph County, Indiana Document number 9818752), containing 19.24 Acres, subject to public highways and any easements of record, if any. and which has Key Number 25- 1011 -0186 , 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.