Confirming Tax Abatement - Aquarius Plastics Finishers Inc. 4221 Technology Dr. ( 10 Year Real Property)

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• RESOLUTION NO. \S 1 S- V7 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 4221 Technology Drive TO BE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF REAL PROPERTY TAX ABATEMENT WHEREAS , the Common Council of the City of South Bend 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 4221 Technology Drive and which is more particularly described as follows : Lot 10 , Plat of Landmark Business Park, Section 4-Part 1 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, THEREFOE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows : SECTION I . That 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 . That the Common Council hereby determines that the property owner is qualified for and is granted real property tax deduction for a period of ten (10) years. 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. l; , C ,i ill ember 41 the ommon ncil PRESENTED / . -a / - S 7 Filed In Clerk's Office NOT APPROVED DEC 161987 ADOPTED 1 .1-01 1 - F(7 IRENE GAMMON CITY CLERK, SO. BEND, IN.