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RESOLUTION NO. <br />A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND <br />DESIGNATING CERTIAN AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS (4622 BURNETT DRIVE SOUTH' AN <br />ECONOMIC REVITALIZATION AREA FOR PURPOSES OF n (three) YEARS <br />REAL PROPERTY TAX ABETEMENT FOR Sm,Or" CASES, INC. <br />Whereas, a petition for real property tax abatement has <br />been filed with the City Clerk for consideration by the <br />Common Council of the City of South Bend, Indiana, requesting <br />that the area commonly known as 4622 Burnett Drive South, <br />South Bend, Indiana/ and which is more particularly <br />described as follows: <br />Lot numbered Seven A (7A) as shown on the recorded Plat <br />of Burnett Industrial Park Replat/ recorded July 10, 1990 in <br />the Office of the Recorder of St. Joseph County, Indiana' as <br />Instrument No. 9018191 be designated as an Economic <br />Revitalization Area under the provision of Indiana Code 6- <br />1.1-12"1-1, et_�s�q,, and South Bend Municipal Code section 2- <br />76, et qgQ., and has further prepared maps and plats showing <br />the b"undries and such other information regarding the area <br />in question as required by law; and <br />Whereasv the Human resources and Economic Development <br />Committee of the Common Council has reviewed said report and <br />recommended to the Common Council that the area qualifies as <br />an Economic Revitalization Area. <br />Now, therefore, be it resolved by the Common Council of <br />the City of South Pend, Indiana, as follows: <br />. The Common Council hereby determines and <br />finds that the Petition for Real Property Tax Abatement and <br />the Statement of Benefits form completed by the Petitioner <br />meet the requirements of I.C. 6-1.1-12.1-1 etseg., and <br />qualifies under the provisions of South Rend Municipal Code <br />Section 2-76 et_segi., for tax abatement. <br />Sectj�l[L—I]�" The Common Council hereby determines and <br />finds the following: <br />A. That the estimate of the value of the redevelc'pement <br />or rehabilitation is rescnable for projects of this nature; <br />B. That the estimate of the number of individuals who <br />will he employed or whose employment will be retained can <br />reasonably be expected to result from the Proposed described <br />redevelopment of rehabilitation: <br />C. That the estimate of the annual salaries of those <br />individuals who will be employed or whose employment will be <br />