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

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RESOLUTIONNO. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5316 WESTERN AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT' FOR VELDMAN'S CROSSING, 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 5316 Western Avenue and which is more particularly described as follows: A part of the 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 N line of said SE 1/4 a distance of 283.11; 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 A to a point on the W line of said SE 1/4 that is 246.54 R 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, 18- 35111 -88564 with said real estate having the following Key No.11} titan, 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: