Designating Tax Abatement - 511 East Colfax & 210 North Niles - Odyssian Technology

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RESOLUTION NO. ~ ~O~ ~-07 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 511 EAST COLFAX AVENUE AND 210 NORTH NILES AVENUE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN (4) FOUR-YEAR REAL PROPERTY TAX ABATEMENT FOR ODYSSIAN TECHNOLOGY WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known Odyssian Technology South Bend, Indiana, and which is more particularly described as follows: Mid Pt 83 Ex 3' x 84.75' SW Cor OP Lowell; W 38.25' of E 80.25' Lot 84 W 38.25' of E 80.5' S 16.5' Lot 83 OP Lowell; 42' E End Lot 84 x 42' E End 1 Rd Side Lot 83 OP Lowell and which has Key Numbers 18-5005-0116; 18-5005-0118 and 18-5005-0119 at this point and time, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et sec ., and South Bend Municipal Code Sections 2-76 et sec ., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code § 6-1.1-12.1, et sec ., and South Bend Municipal Code Sections 2-76, et seg., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area.