Confirming Tax Abatement - Metro Beverages Inc. 3707 Lathrop St. (3 Year Real Property)

Home Browse Search

RESOLUTION NO. c2l&3 ( V A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERATIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3707 LATHROP STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 3 YEAR REAL PROPERTY TAX ABATEMENT FOR METRO BEVERAGES, INC. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declatory Resolution designating certain areas within the city as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declatory Resolution designated the area commonly known as 3707 West Lathrop Street and which is more particularly described as follows: 445.36' EAST & WEST BY 488.33' NORTH & SOUTH BEGINNING 1878.68' WEST AND 40' NORTH SOUTHEAST CORNER SECTION 28 -38 -2E 5 ACRES BEING LOT 6 -2 AIRPORT INDUSTRIAL PARK PHASE III with said real estate having the following Key Number #25 -1010- 0400.14, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declatory 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 Declatory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declatory Resolution by the Common Council.