Designating Tax Abatement - South Bend Redevelopment on Behalf of Elumatec USA Inc. Lot 11 Toll Road Industrial Park (3 Year Real Property)

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RESOLUTION NO. 2/09/ lb 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 LOT 11 - TOLL ROAD INDUSTRIAL PARK. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVEDOPMENT AUTHORITY ON BEHALF OF ELUMATEC USA, 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 Lot 11 - Toll Road Industrial Park, South Bend, Indiana, and which is more particularly described as follows: A parcel of land in the northeast quarter of Section 21, Township 38 North, Range 2 East, German Township, St. Joseph County, Indiana, and described as being Lot 11 of Toll Road Industrial Park - Section 6, as recorded under instrument number 8908570, dated April 7, 1989, at the office of the recorder, St. Joseph county, Indiana, and containing 3.7178 acres, more or less, and is subject to all easements, restrictions and or covenants of record. and which has Key Number 25- 1013 - 0211.08, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 at sea. and South Bend Municipal Code Sections 2 -76 at seq., 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 Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, at seq., and South Bend Municipal Code Sections 2 -76, et seq., 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 -1 at seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax abatement.