Confirming Tax Abatement - Main Street Row 209 N. Main St. (10 Year Real Property)

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RESOLUTION NO. is? 3_ a � A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 209 N. MAIN STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR "MAIN STREET ROW' --------------------------- AN OFFICE AND RETAIL COMPLEX 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 209 N. Main Street and which is more particularly described as follows: Lots 226, 227 and 228 of the original plat of the Town (now City) of South Bend as recorded in the records of St. Joseph County, Indiana, except that part which is described as: Beginning at the southwest corner of said lot 228 thence north along the west line of lots 226, 227 and 228 in said plat 198.00 feet to the northwest corner of said lot 226 thence east along the north line of said lot 226, 100.00 feet thence south 139.90 feet thence west 44.80 feet thence south 8.0 feet thence west 17.00 feet thence south 50.10 feet to the north line of Colfax Avenue thence west along said line and the south line of lot 228. 38.20 feet to the point of beginning. as an Economic Revitaliztion 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- TrPES= 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 two (2) 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