Laserfiche WebLink
RESOLUTION NO. 0�)E 7 5 <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br />OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS <br />411 W. Indiana Ave. <br />South Bend, IN 46613 <br />TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES <br />OF A (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR <br />Keener Printing & Lithography, Inc. <br />WHEREAS, the Common Council of the City of South Bend, Indiana, <br />has adopted a Declaratory Resolution designating certain areas <br />within the City as Economic Revitalization Areas for the <br />purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly <br />known as 411 W. Indiana Ave., South Bend, Indiana and which <br />is more particularly described as follows: <br />Lots 2 -4 -5 & Vac. Alley <br />Stull's 4 <br />with said real estate having the following Key No. 18351561744, <br />as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution <br />and the public hearing before the Council has been published <br />pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes <br />of hearing all remonstrances and objections from interested <br />persons; and <br />WHEREAS, the Council has determined that the qualifications <br />for an economic revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br />City of South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory <br />Resolution designating the area described herein as an <br />Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for Personal property tax abatement only <br />and is limited to two (2) calendar years from the date of adoption <br />of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the <br />property owner is qualified for and is granted Personal property <br />tax deduction for a period of five (5) years, and further <br />determines that the petition complies with Chapter 2, Article 6, <br />of the Municipal Code of the City of South Bend and Indiana <br />Code 6 -1.1 -12.1 et seq. <br />SECTION III. This Resolution shall be in full force and effect <br />from and after its adoption by the Common Council and <br />approval by the Mayor. <br />PRESENTED /(9 - / p- m er f the Common Council <br />9� j <br />NOT APPROVED <br />ADOPTED 10-9-q5 <br />