Confirming Tax Abatement - Reddi-Pac Inc. 701 W. Chippewa Ave. (5 Year Personal Property)

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8419846 into Bowman Creek. follows: Said easement to be described as A parcel of land in the Northeast Quarter of Section 23, Township 37 North, Range 2 East, being a strip of land thirty (30) feet wide, fifteen (15) feet on each side of the following described line. Beginning at a point on the South line of said Northeast Quarter 680 feet West of the Southeast Corner of said Quarter Section; thence North 0 degrees 25' East 43 feet; thence North 49 degrees West along the approximate centerline of the existing storm sewer 148 feet to the North line of Plant 8 parcel. with said real estate having the following Key No. 18 8020 083,7 as an Economic Revitalization Area; and WHEREAS, 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 has 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. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of Five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of the South Bend and Indiana Code 6 -1.1 -12.1 et sec. SECTION III. This Resolution shall be after its adoption by the Common Council PRESENTED q -a6-9y NOT APPROVED ADOPTED 10 -10 -g in full force and effect from and and approval by the Mayor. )Webbe,jr of the C n Council F1(Pd its Clark's Office SEP 2 1 199441 IRENE GAMF.,sw CITY CLSAK, So. &ENu ;N.