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RESOLUTION NO. aUJd- 9 1 <br />A RESOLUTION OF THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN <br />THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />130 SOUTH MAIN STREET <br />AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br />TEN (10) YEAR REAL PROPERTY <br />TAX ABATEMENT FOR THE <br />SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF <br />TRAMMELL CROW MW, L.L.C. <br />WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for <br />consideration by the Common Council of the City of South Bend, Indiana requesting that the area <br />commonly known as 130 South Main Street, South Bend, Indiana, and which is more particularly <br />described as follows: <br />All of Lots Numbered Thirty (30), Twenty -nine (29) and Twenty -eight (28), the South 38 <br />feet of Lot Numbered Twenty -seven (27) of the Original Plat of the town (now City) of South Bend, <br />St. Joseph County, Indiana, and <br />All of Lots Numbered Thirty -one (31), Thirty -two (32), Thirty -three (33) and Thirty -four <br />(34) of the Original Plat of the town (now City) of South Bend, St. Joseph County, Indiana, and <br />A 14 foot wide alley, running North and South which lies between Lots 27 to 30 and Lots 31 <br />to 34 in the Original Plat of the town (now City) of South Bend; ALSO the 14 foot wide alley <br />running East and West lying between Lots 33 to 34 and Lots 27 to 28 in the Original Plat of the <br />town (now City) of South Bend. <br />and which has Key Numbers 18- 3006 -0188 through 18- 3006 -0195 and 18 -3006 -0205 through 18- <br />3006 -0215, be designated as an Economic Revitalization Area under the provisions of Indiana Code <br />6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and; <br />WHEREAS, the Department of Economic Development has concluded an investigation and <br />prepared a report with information sufficient for the Common Council to determine that the area <br />qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et SeMc ., and South <br />Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and plats showing the <br />boundaries and such other information regarding the area in question as required by law; and <br />WHEREAS, the Human Resources and Economic Development Committee of the Common <br />Council has reviewed said report and recommended to the Common Council that the area qualifies <br />as an Economic Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the Petition for Real Property <br />Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the <br />requirements of Indiana Code 6 -1.1 -12.1 et sea., for tax abatement. <br />SECTION II. The Common Council hereby determines and finds the following: <br />A. That the description of the proposed redevelopment or rehabilitation meets the <br />applicable standards for such development. <br />B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for <br />projects of this nature; <br />C. That the estimate of the number of individuals who will be employed or whose <br />employment will be retained by the Petitioner can reasonably be expected to result from the <br />proposed described redevelopment or rehabilitation; <br />