Designating Tax Abatement - Stephen E. & Susan M. Busk d/b/a/ Busk Brothers Furniture Lot 16 & 17 Toll Road Industrial Park (6 Year Real Property)

Home Browse Search

RESOLUTION NO. V0?6- /5 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOT 16 AND 17 TOLL ROAD INDUSTRIAL PARK, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX(6) YEAR REAL PROPERTY TAX ABATEMENT FOR _ Stephen E. and Susan M. Busk (DBA: Busk Brothers Furniture) WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as Lot 16 and 17 Toll Road Industrial Park, South Bend, Indiana, and which is more particularly described as follows: Lot 16 and 17 Toll Road Industrial Park South Bend, Indiana and which has Key Number 25- 1013 - 021107 and 25- 1013- 021201 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code Sections 2 -76 et seg., 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, et seg., and South Bend Municipal Code Sections 2 -76, et seq.,and has further, prepared maps and plats showing the bounder•ies and such other information r•eg.iar•ding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the 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 of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for, Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seq., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et seq., for tax abatement.