Confirming Tax Abatement - Schafer Gear Works Inc. 814 S. Main St. (5 Year Personal Property)

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PARCEL VI: All of Lots Numbered Two Hundred Eighteen (218), Two Hundred Nineteen (219), and Two Hundred Twenty (220) and the West 15 feet of Lot Numbered Two Hundred Seventeen (217) All as shown on the recorded Plat of Daniel Garst's 1st addition to South Bend City, now within and a part of the City of South Bend, excepting therefrom the South 24.5 feet thereof. with said real estate having the following Key No. 18 3042 1621, 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 Resolution designating the area described her Economic Revitalization Area for the purposes Such designation is for Personal property tax and is limited to two (2) calendar years from adoption of the Declaratory Resolution by the its Declaratory ein as an of tax abatement, abatement only the date of Common Council. SECTION II. 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 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. (2) PRESENTED NOT APPROVED ADOPTED r -/2 - / Z&Zzz- Member the Common Council Filed in Clerk's Office MAY 81991