Designating Tax Abatement - Veldman's Crossing Inc. 5316 Western Ave. (3 Year Real Property)

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RESOLUTI0NNO. 0�� / �� A RESOLUTION OF THE COMMON COUNCIL OF THE C= OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5316 WESTERN AVENUE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR VELDMAN'S CROSSING, INC. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council ofthe City of South Bend, Indiana requesting that the area commonly known as 5316 Western Avenue, South Bend, Indiana, and which is more particularly described as follows: A part ofthe SE 1/4 of Section 8, T 37 N, R 2 E, in the City of South Bend, being more particularly described as follows, to -wit: Beginning at the NW comer of the SE 1/4 of Section 8; thence E along the • line of said SE 1/4 a distance of 283.1 ft.; thence S at right angle to said • line of said SE 1/4 a distance of 247.25 ft.; thence W a distance of 283.38 ft. to a point on the W line of said SE 1/4 that is 246.54 ft. S of the NW comer of said SE 1/4; thence N along the said W line a distance of 246.54 ft. to the place of beginning, situated in St. Joseph County, Indiana, except legal highways; 5111 -88 64 and which has the Key Number be designated as an Economic Revitalization Area under the provisions of Indiana Code 6.1- 12.1 -1 2t seq._ and South Bend Municipal Code Sections 2 -76 A uZ, 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, el sa, and South Bend Municipal Code Sections 2 -76, g1 uZ, and has father 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 ofthe 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 ofthe City of South Bend, Indiana, as follows: