Confirming Tax Abatement - Greater South Bend Development Co. Northeast Corner of Hamilton & Huey Streets (6 Year Real Property)

Home Browse Search

RESOLUTION NO. o?O SO' 49 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS THE NORTHEAST CORNER OF HAMILTON & HUEY STREETS AS AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR GREATER SOUTH BEND DEVELOPMENT COMPANY 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 com- monly known as the Northeast corner of Hamilton and Huey Streets, which is more particularly described as follows: A lot or parcel of land in the West Half of the Northeast Quarter of Section Thirty -four, Township Thirty -eight North, Range Two East, described as beginning at the intersection of the East line of Huey Street with the North line of Hamilton Street, in the City of South Bend, which point is 164.26 feet North and 686 feet East of the Southwest corner of the said Northeast Quarter of Section 34; thence running North on the East line of Huey Street, 132 feet; thence East 127 feet; thence South 132 feet to the North line of Hamilton Street; thence West on said line 127 feet to the place of beginning, and being known as the parcel of land 127 feet in width, East and West, taken off of and from the entire width of the West end of Lot Numbered Eighty -seven as shown on a proposed Plat of Jackson's Subdivision, in the City of South Bend, St. Joseph County, Indiana, with said real estate having the following Key #: 18- 2113 -4148, 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 six (6) 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. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Filed 41, on PRESENTED 7-ad 93 � i3 JUL 7 NOT APPROVED Memb�r of/the Common ou cil iRENEGAMMON ADOPTED_ a (o _43 CITY CLERK, SO. BEND, W.