Designating Tax Abatement - 513 Lincolnway West (5 Year Personal Property)

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RESOLUTION NO . f ca f !-g4, A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 513 Lincolnway West, South Bend AN ECONOMIC REVITALIZATION AREA FOR PUR- POSES OF PERSONAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for personal peroperty tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 513 Lincolnway West, South Bend, Indiana, and which is more particularly described by a line drawn as follows: A lot or parcel of land Twenty-two (22) feet in width, taken off of the entire length of the Southeasterly side of Lot Numbered Twenty-three; all of Lot Numbered Twenty-two (22) , and a lot or parcel of land Fourteen and Two-thirds (14-2/3) feet in width taken off of the Northwesterly side of Lot Numbered Twenty-one (21) , excepting from said last described tract a parcel of land Forty (40) feet in length taken off of the entire width of the North end thereof, all as shown on the recorded Plat of Henricks and Grant's Addition to the Town, now City of South Bend. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1-1, et seq. : and WHEREAS, the Redevelopment Commission 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 6-1.1-12.1-1, et seq. , and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; and WHEREAS the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Econmic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. That the Common Council hereby accepts the report and re- commendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of personal property tax abatement. SECTION II. That this designation shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION III. That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hearing before the Common Council on said declaration. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. A.a IY •_ lar' ' "'ember of the Coull< C.uncil PRESENTED -a 3- &-t, NOT APPROVED ADOPTED , -2 3 - S-1.•