Confirming Tax Abatement - Ziker Cleaners Inc. 251 E. Sample St. (3 Year Real Property)

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RESOLUTION NO. 02O.51-93 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 251 EAST SAMPLE STREET, SOUTH BEND, INDIANA 46618 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR ZIKER CLEANERS, INC. 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 251 East Sample Street, South Bend, Indiana and which is more particularly described as follows: PARCEL I: The South one -half (1/2) of Lot Numbered Thirty-seven (37) as shown on the recorded Plat of Denniston and Fellows' Addition to the Town, now City of South Bend, EXCEPTING THEREFROM, Forty (40) feet North and South and One Hundred Thirty (130) feet East and West taken off of the South end thereof. PARCEL II: A strip of land Thirty-three (33) feet East and West by One Hundred Twenty-five (125) feet North and South taken off of and from the entire North end of a parcel of land described as the West one -half (1/2) of the West One -half (1/2) of the South One -half (1/2) of Lot Numbered Thirty-eight (38) as shown on the recorded Plat of Denniston & Fellows Addition to the Town, now City of South Bend. with said real estate having the following Key No. 18302400883 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 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 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 =.