Confirming Tax Abatement - Relaxation, Inc. d/b/a La-Z-Boy Furniture Galleries 301 N. Main St, 211 W. LaSalle (10 Year Real Property)

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RESOLUTION NO. a ICe S •`/ A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 301 N. MAIN STREET, 211 W. LASALLE SOUTH BEND, INDIANA 46601 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR RELAXATION, INC. D /B /A LA -Z -BOY FURNITURE GALLERIES 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 301 N. Main Street, 211 W. LaSalle, South Bend, Indiana 46601 and which is more particularly described as follows: LOTS 214, 215 & 216 IN THE "ORIGINAL TOWN (NOW CITY) OF SOUTH BEND ", AS RECORDED IN THE RECORDS OF ST. JOSEPH COUNTY, INDIANA EXCEPTING: BEGINNING AT A POINT 83.60 FT. WEST OF THE N.E. CORNER OF SAID LOT ##214; THENCE, EAST ALONG THE NORTH LINE OF SAID LOT, 83.60 FT.; THENCE, SOUTH ALONG THE EAST LINE OF SAID LOT, 33.00 FT.; THENCE, WEST, 83.60 FT. TO A POINT WHICH IS 32.85 FT. SOUTH OF THE POINT OF BEGINNING; THENCE, NORTH, 32.85 FT. TO THE POINT OF BEGINNING. with said real estate having the following Key Numbers 18 -1008- 028902 and 18- 1008 -0290, 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 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 Real 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 Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sea. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. n PRESENTED 8%2/941 NOT APPROVED ADOPTED 9- a a ^Q y Wdlfitferk's Office JAN 1 4 1934 IRENE GAMMON CRY CLERK, BO. BEND, RL