Confirming Tax Abatement - Coyne Investments LP Downtown South Bend Parking Garage Rehabilitation 119 W. Wayne (6 Year Real Property)

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RESOLUTION NO. o2 030 - 93 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 119 WEST WAYNE, SOUTH BEND, INDIANA 46601 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A six YEAR REAL PROPERTY TAX ABATEMENT FOR Coyne Investments Limited Partnership Downtown South Bend Parking Garage Rehabilitation 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 know as (common address) and which is more particularly described as follows: Lots 289 -290 and 291 Original Plat 119 West Wayne Street South Bend, Indiana 46601 with said real estate having the following Key No. 18- 3007 -0239, 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 four (4) 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 se . 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. Member of the Common Council Filed in Clerks Office RIS018'71 OPESENTEQ .3-. ;2.7- "! NOT APPROVED ADOPTED_ �� -9�