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RESOLUTION NO. `{ict{-t{'7 <br /> A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION <br /> DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY <br /> KNOWN AS 2901 S. MAIN TO BE AN ECONOMIC REVITALIZATION AREA FOR <br /> PURPOSES OF REAL PROPERTY TAX ABATEMENT. <br /> WHEREAS, the Common Council of the City of South Bend has adopted a <br /> Declaratory Resolution designating certain areas within the City as <br /> Economic Revitalization Areas for purpose of tax abatement consideration; <br /> and <br /> WHEREAS, a Declaratory Resolution designated the area commonly known <br /> as 2901 S. Main and more particularly described by a line drawn as <br /> follows: <br /> Lots 84 through 96 , both inclusive <br /> Oakside 3rd addition to the City of South Bend <br /> as an Economic Revitalization Area; and <br /> WHEREAS, notice of the adoption of a Declaratory Resolution and the <br /> public hearing before the Council has been published pursuant to Indiana <br /> Code 6-1.1-12 .1-2-5; and <br /> WHEREAS, the Council held a public hearing for the purposes of hearing <br /> all remonstrances and objections from interested persons; and <br /> WHEREAS, the Council has determined that the qualifications for an <br /> economic revitalization area have been met. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br /> South Bend, Indiana, as follows: <br /> SECTION I. That the Common Council hereby confirms its Declaratory <br /> Resolution designating the area described herein as an Economic <br /> Revitalization Area for the purposes of tax abatement. Such designation <br /> is for real property tax abatement only and is limited to five ( 5 ) <br /> calendar years from the date of adoption of the Declaratory Resolution by <br /> the Common Council. <br /> SECTION II . This Resolution shall be in full force and effect from <br /> and after its adoption by the Common Council and approval by the Mayor. <br /> ; <br /> 0 `" ' <br /> C.. ism � . <br /> embe/ of t e Common Cy nci <br /> i1 <br /> 'hied I C[pppY Ws Office <br /> ce <br /> Ivu d 41987 <br /> I ENE GAMMON <br /> PRESENTED 3-0? -8'7 CITY CLERK, SO. BEND, IN. <br /> NOT APPROVED <br /> ADOPTED 3 -Q3 -87 <br />