Reconfirming Tax Abatement on Mulitiple Properties

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RESOLUTION NO. l `I ' - g7 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, RECONFIRMING THE PERIOD OF DEDUCTIONS APPROVED FOR THE DESIGNATIONS OF CERTAIN PROPERTIES PREVIOUSLY QUALIFYING AS ECONOMIC REVITALIZATION AREAS FOR PURPOSES OF PROPERTY TAX ABATEMENT WHEREAS, pursuant to I.C. , 6-1.1-12.1-1 et sect. and local ordinance regulations, the Common Council has reviewed various petitions requesting personal and/or real property tax abatement; and WHEREAS, proper notice with regard to the necesssary Declaratory Resolutions and Confirming Resolutions as well as reports from the Department of Economic Development and the Hunan Resources and Economic Development Committee have been completed pursuant to applicable provisions of Sections 2-76 through 2-79 of the Municipal Code of the City of South Bend; and WHEREAS, discussions have taken place between the City of South Bend and the Auditor's Office of St. Joseph County whereby it was agreed that a reconfirming resolution would be appropriate in order to clarify the periods of deductions previously authorized for certain property tax abatements. WHEREAS, the following Resolution carries out that objective. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I . The Common Council hereby reconfirms the following areas previously designated as Economic Revitalization Areas for purposes of real and/or personal property tax abatement and reconfirms the periods of time authorized for deductions: (1) a. Owner: W. Thomas and Margaret K. Peck b. Property Address: 3302 W. Rosetta Drive South Bend, IN 46628 c. Council Resolution No. 1227-84 adopted 11-19-84 d. Type of Abatement: Real e. Deductions authorized for ten (10) calendar years. (2) a. Owner: Crescent Realty Corporation b. Property Address: 316 E. Monroe South Bend, IN c. Council Resolution No. 1156-84 adopted 6-11-84 d. Type of Abatement: Real e. Deductions authorized for ten (10) years. (3) a. Owner: Crowe, Chizek, and Company b. Property Address: 330 East Jefferson Blvd. South Bend, IN 46601 c. Council Resolution No. 1197-84 adopted 9-10-84 d. Type of Abatement: Real e. Deductions authorized for ten (10) years. (4) a. Owner: J & G Realty and Insurance Company b: Property Address: 844 South Rush Street South Bend, IN 46618 c. Council Resolution No. 1182-84 adopted 8-13-84 d. Type of Abatement: Real e. Deductions authorized for ten (10) years. (5) a. Owner: Trust No. 30560 1st Source b. Property Address: Northwest corner of Colfax and Michigan Streets c. Council Resolution No. 1125-84 adopted 3-26-84 d. Type of Abatement: Real e. Deductions authorized for ten (10) years.