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RESOLUTION N0. 1'75a -0 / <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, INDIANA COMMONLY KNOWN AS East Ridge Condominiums <br />TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A <br />3 YEAR _ Real PROPERTY TAX ABATEMENT FOR <br />Single family residential condominiums <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana has adopted a declaratory Resolution designating <br />certain areas within the City as Economic Revitalization <br />Azeas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area <br />commonly know as East Ridge Condominiums and which is <br />more particularly described as follows: <br />Beginning SE corner Corby and Niles <br />continuing approximately .901 AC 1- 37 -2E. <br />Beginning 220.51' E of SE corner Corby <br />and Niles TR PC cont 0.1613 AC sec 1 -37 -2E <br />as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory <br />Resolution and the public hearing before the Council has <br />been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the <br />purposes of hearing all remonstrances and objections from <br />interested persons; and <br />WHEREAS, the Council has determined that the <br />qualifications for an economic revitalization area have been <br />met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of <br />the City of South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its <br />Declaratory Resolution designating the area described herein <br />as an Economic Revitalization Area for the purposes of tax <br />abatement. Such designation is for <br />tax abatement only and is limited to t (2) calendar property <br />wo <br />from the date of adoption of the Declaratory Resolution by <br />the Common Council. <br />SECTION II. The Common Council hereby determines that <br />the property owner is qualified for and is granted Real <br />property tax deduction for a period of three <br />( 3 ) years. <br />SECTION III. This Resolution shall be in full force. <br />and effect from and after its adoption by the Common Council <br />and approval by the Mayor. <br />ae�:9-� <br />n I lu (' Huai 1 unn i I <br />DRESENTEDIeJ 1 p � � 9 <br />NOT APPROVED <br />ADOPTED /D -q -S / <br />JUN 2 21989 <br />IREIR <br />