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Designating Tax Abatement - Trammell Crow MW LLC 130 S. Main St. (10 Year Real Property)
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Designating Tax Abatement - Trammell Crow MW LLC 130 S. Main St. (10 Year Real Property)
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3/26/2015 10:21:33 AM
Creation date
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
6/23/1997
Ord-Res Number
2472-97
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D. That the estimate of the annual salaries of those individuals who will be employed or <br />whose employment will be retained by the Petitioner can be reasonably expected to result from the <br />proposed redevelopment or rehabilitation; <br />E. That the other benefits about which information was requested are benefits that can be <br />reasonably expected to result from the proposed described redevelopment or rehabilitation; and <br />F. That the totality of benefits is sufficient to justify the requested deduction, all of <br />which satisfy the requirements of Indiana Code 6 -1.1- 12.1 -3. <br />SECTION III. The Common Council hereby determines and finds that the proposed described <br />redevelopment or rehabilitation can be reasonably expected to yield benefits identified in the <br />Statement of Benefits set forth as Sections I through II of the Petition for Real Property Tax <br />Abatement Consideration and that the Statement of Benefits form prescribed by the State Board of <br />Accounts are sufficient to justify the deduction granted under Indiana Code 6- 1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby accepts the report and recommendation of the Human <br />Resources and Economic Development Committee that the area herein described be designated as an <br />Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic <br />Revitalization Area for purposes of real property tax abatement. <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property owner is qualified for <br />and is granted property tax deduction for a period of ten (10) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this <br />Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code <br />5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing <br />before the Common Council on the proposed confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />Member of the Common Coun il <br />H: \HOMES \M�7BEITZI[N \7W P \TAXABATEUBATES97 \TRAMMELI. RES <br />PRESENTED 6j- J 'V -9 / <br />NOT APPROVED <br />ADOPTED -97 <br />Filed in Clerk's Office <br />J U N 1 .9 1997 <br />2 LORMA J. DUDA <br />CRY CLERK, So. BEND, IN. <br />
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