Confirming Tax Abatement - Patterson Dental Co. Northern Distribution Center 4303 Technology Dr. (6 Year Real Property)

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RESOLUTION NO. 1.9 - i ,? A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4303 TECHNOLOGY DRIVE SOUTH BEND, INDIANA 46628 -9751 TO BE AN ECOMOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR PATTERSON DENTAL COMPANY NORTHERN DISTRIBUTION CENTER 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 4303 Techonology Drive, South Bend, Indiana 46628 -9751, and which is more particularly described as follows: Lot Numbered Sixteen (16) of Landmark Business Park, Section Six (6), Part Two (2) as recorded on July 2, 1992 in the Office of the Recorder of St. Joseph County, as Instrument Number 9223882. with said real estate having the following Key No. 25 -1017 -60204 and parts of 25- 1017- 060201 and 25- 1017 - 060202, as an Economic Revitaliza- tion Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Counsel has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interest persons; and 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 Declara- tory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abate- ment. 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.