Designating Tax Abatement - SGW Realty LLC/Excel Industries Inc. Lots 10-11 of the H.G. Baus Industrial Centre (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 Lots No. 10 and No. 11 of the H. G. Bans Industrial Centre AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR SGW Realty LLC/Excel Industries, Inc. 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 Lots No. 10 and No. 11 of the H. G. Bans Industrial Centre, South Bend, Indiana, and which is more particularly described as follows: A part of the Southeast Quarter (SE 1/4) of Section 20 and part of the Southwest Quarter (SW 1/4) of Section 21, Township 38 North, Range 2 East, situate in German Township, St. Joseph County, State of Indiana, and being more particularly described as follows: Lots numbered ten (10) and eleven (11) as shown on the recorded plat of H. G. Baus Centre - Phase One, recorded March 16, 1995, as document Number 9507104 in the Office of the Recorder of St. Joseph County, Indiana. and which has Key Number 25- 1010 - 036101 and Key Number 25- 1010 - 036102, 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 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 Development Area under Indiana Code 6 -1.1 -12.1, gt sea., and South Bend Municipal Code Sections 2 -76, et sec, 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 Human Resources 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. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1 -12.1 et sea., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: