Designating Tax Abatement - RGF, Inc. 5307 W. Western Ave. (3 Year Real Property)

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RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 5307 W. WESTERN AN ECONOMIC REVITALIZATION — AREA FOR PURPOSES OF %A (THREE) YEAR REAL PROPERTY TAX ABATEMENT FOR RGF, INC. WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 5307 W. Western, South Bend, Indiana, and which is more particularly described as follows: A tract of land located in the Southwest Quarter of the Northeast Quarter of Section 8, Township 37 North, Range 2 East, in the City of South Bend, more particularly described as follows: Beginning on the East line of Mayflower Road at a point 195.19 feet on an assumed bearing of North 0° 9' 15" East, and 40 feet South 890 50' 45" East of the Southwest corner of said Northeast Quarter of Section 8; thence North 01 9' 15" East along said East line of Mayflower Road, 115 feet; thence South 89° 50' 45" East, 243.1 feet; thence South 00 9' 15" West, 192.05 feet to the North line of Western Avenue; thence North 890 21' 45" West, 150 feet; thence North 500 41' 45" West, 120.04 feet to the place of beginning. and which has Key Number 18- 4129 - 504307, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et sue. and South Bend Municipal Code Sections 2 -76 et seq., and; WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et se q., and South Bend Municipal Code Sections 2 -76, et sue., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines Petition for Real Property Tax Abatement and the form completed by the Petitioner meet the requir Code 6 -1.1- 12.1 -1 et se q., and qualifies under provisions of South Bend Municipal Code Sections for tax abatement. and finds that the Statement of Benefits aments of Indiana the relevant 2 -76 et se q., SECTION II. The common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development.