Confirming Tax Abatement - Ludwick Graphics, Inc. 650 N. Wilber St. (5 Year Personal Property)

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RESOLUTION NO. �Q < A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 650 N. WILBER STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR LUDWICK GRAPHICS, INC., and its affiliate, LUDWICK LEASING GROUP 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 650 N. Wilber Street and which is more particularly described as follows: Lot C Davis Add & N. Easterly 1/2 Vacant Alley; Lot D Davis Plat & N. 1/2 Vacant Alley S. & Adj.; Lot E Davis Plat & S. Westerly 1/2 Vacant Alley & S. 1/2 Vacant Alley N. & Adj.; Lot F Davis Plat Ex 8 Ft Wly Side; Lot 30 Ex 4.2 Ft W Side Pleasant Home Addition; Lot 29 Pleasant Home Addition; Lot 5 Meases Addition, with said real estate having the following Key Nos. 18 1053 2270; 18 1053 2269; 18 1053 2272; 18 1053 2273; 18 1039 1703; 18 1039 1704; 18 1039 1683, as an Economic Revitalization Area; and WHEREAS, the 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 Personal 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.