Confirming Tax Abatement - James & Linda Teska 4075 Ralph Jones Dr. (3 Year Real Property)

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RESOLUTION NO.,,� /�a'f_ 9� Filed In Clark's Office I J 11 L i r 1994 IIIENE GAURON CRY CLIZ AR, SO. SEND, IN. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY ESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF 4 PURPOSE OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR JAMES AND LINDA TESKE 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 4075 Ralph Jones Drive, South Bend, Indiana, and which is more particularly described as follows: Lot Numbered Five (5) as shown on the recorded Plat of Toll Road Industrial Park, Section Three, recorded June 5, 1987 in the Office of the Recorder of St. Joseph County, Indiana, as Instrument No. 8717304. with said real estate having the following Key No. 4- 1013 -0223, 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 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 three (3) 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 three (3) 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 seq. SECTION III. effect from and approval by the I:: =- 213b =71 NOT APPROVED ADOPTED Q, *I9� This Resolution shall be in full force and after its adoption by the Common Council and Mayor. f the Co M Council