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RESOLUTION NO. ( Cn 'Zol - FS Fi <br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br />RESOLUTION DESINGNATING CERTAIN AREAS WITHIN THE CITY OF <br />SOUTH BEND, INDIANA COMMONLY KNOWN AS 3417 WESTERN AVENUE, SOUTH <br />BEND, INDIANA TO BE AN ECONOMIC <br />REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL <br />PROPERTY TAX ABATMENT FOR <br />WESTCO PHILLIPS 66 REMODEL AND EXPANSION <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 />Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area <br />commonly known as (3417 Western Avenue) and which is more <br />particularly described as follows: <br />Lots 433 -434 & 435 & 7 feet of vacated alley lying east <br />of Lot 433 in the LaSalle Park Addition. Located on N.E. Corner <br />of Intersection at Western Ave. & Falcon Street, South Bend, Indiana. <br />as an Economic Revitaliziation 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 Real property tax abatement <br />only and is limited to two (2) calendar years from the date of <br />adoption of the Declaratory Resolution by 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 six ( 6 ) 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 />PRESENTED. 5�: - 0,K - gB <br />NOT APPROVED <br />ADOPTED <br />ember f the Common Council <br />ded In Clerk's Office <br />AUG 3 1988 <br />11R E G A N <br />CITY CLUK, So. BEN[).. )e, <br />