Confirming Tax Abatement - James A. & Judith Watts d/b/a Sm. Or. Cases Inc. 4622 Burnett Dr. South (3 Year Real Property)

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RESOLUTION NO. r,23 q(9— K A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4622 BURNETT DRIVE SOUTH, SOUTH BEND, IN 46614 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR James A. Watts and Judith Watts d /b /a Sm. Or. Cases, Inc. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 4622 Burnett Drive South, South Bend, IN 46614 and which is more particularly described as follows: Lot Numbered Seven A (7A) as shown on the recorded plot of Burnett Industrial Park Replat, recorded July 10, 1990 in the Office of the Recorder of St. Joseph County, Indiana, as Instrument No. 9018191. with said real estate having the following Key No. 23- 1043 -3010, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory resolution by the Common Council. SECTION H. Pursuant to Section 2 -84 of the South Bend Municipal Code entitled "Council's Authority to Enlarge Real Property Tax Abatement General Standards ", the Council declares an exemption to its local guidelines in compliance that 1) the petitioner meets 86% of his square footage requirements for a three (3) year real property tax abatement and 2) that without tax abatement it would cause a financial difficulty with regard to financing whereby the business could not go forward. SECTION M. The Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for a period of three (3) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sec. SECTION IV. This Resolution shall be in full force and affect from and after its adoption by the Common Council and approval by the Mayor. PRESENTED 7 -D,�-96 NOT APPROVED ADOPTED 7 -a2,9� Member of the Common Council