Confirming Tax Abatement - Solvay Automotive Saturn Fuel Tank Project 1827 N. Bendix Dr. (5 Year Personal Property)

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RESOLIJTIo1N No. /eOo2- 9/ A RESOLUTION CONFIRMING THE ADOP -TION OF A DEMAIdMRY RESOLUTION DESIMATING CERTAIN AMS WITHIN 22M CITY OF SOUTH BMM� INDIANA, GNILY /OVDW AS 1827 N. Benda Drive 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 (common address) and which is more particularly described as follows: (Legal Description) A parcel of land being part of the Northeast Quarter of the Southeast Quarter of Section 33. Township 38 North, Range 2 East, in the City of South Bend, Portage Township, St. Joseph County, Indiana. with said real estate having the following Key No. 182184693802 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 objection 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 Personal 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 11. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of five (5) 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 &-L sea• SECTION III. This Resolution shall be in full force and ef�tt yrom and after its adoption by the Common Council and approval by _the May ,/ ►RESENTED NOT APPROVED ADOPTED 7-,?.2 - 91 the Common Filed in Clerk's Office JUN i 0 1991