Laserfiche WebLink
WHEREAS, NOTICE OF THE ADOPTION OF A DECLARATORY RESOLUTION AND <br />THE PUBLIC HEARING BEFORE THE COUNCIL HAS BEEN PUBLISHED PURSUANT <br />TO INDIANA CODE 6 -1.1- 12.1 -2.5; AND <br />WHEREAS, THE COUNCIL HELD A PUBLIC HEARING FOR THE PURPOSES OF <br />HEARING ALL REMONSTRANCES AND OBJECTIONS FROM INTERESTED PERSONS; <br />AND <br />WHEREAS, THE COUNCIL HAS DETERMINED THAT THE QUALIFICATIONS FOR <br />AN ECONOMIC REVITALIZATION AREA HAVE BEEN MET. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY <br />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 ECONOMIC <br />REVITALIZATION AREA FOR THE PURPOSES OF TAX ABATEMENT. SUCH <br />DESIGNATION IS FOR PERSONAL PROPERTY TAX ABATEMENT ONLY AND IS <br />LIMITED TO TWO (2) CALENDAR YEARS FROM THE DATE OF ADOPTION OF <br />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 CODE <br />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 APPROVED BY <br />THE MAYOR. <br />rRES"m /o -)4,5y <br />y <br />NOT APPROVED <br />ADOPTED IO -2ZI -qV <br />Filed in cjer�r's Office <br />OCT 1=9 <br />I PENE G.APA Wi <br />CITY CLEM, SO. SEND, IN. <br />