Confirming Tax Abatement - Tripods Partnership 212 E. LaSalle St. (3 Year Real Property)

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RESOLUTION NO. IL-%-(0 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COM- MONLY KNOWN AS 212 EAST LASALLE STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR 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 pur- pose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 212 East LaSalle Street and more particularly described as follows : Real Estate in St . Joseph County, in the State of Indiana, described as follows : Lots Numbered Four (4) , Five (5) and Six (6) as shown on the Original Plat of the Town of Lowell , now a part of the City of South Bend, excepting therefrom a lot or parcel of land 16 rods in length taken off of and from the entire width of the East ends of said lots . Also Lots Numbered Two (2) , Three (3) and Four (4) as shown on the recorded plat of Esther H. Miller ' s Subdivision of a part of Lots Four (4) , Five (5) and Six (6) in the Original Plat of the Town of Lowell, now a part of the City of South Bend. Subject to Resolutions of the City of South Bend Redevelopment Commission, rights of the United States of America, State of Indiana, the municipality and the public in and to that part of said real estate which may be covered by the waters of the St . Joseph River and to the right of the riparian owners in and to the free and unobstructed flow of the waters of said river . as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Reso- lution and the public hearing before the Council has been pub- lished 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 quali- fications for an economic revitalization area have been met . 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 confirms its Declaratory Resolution designating the area described here- in as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to three (3) calendar years from the date of adoption of the Declaratory Resolution by the Common Council . SECTION II . This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor . lw RED �N CLERK'S OFFL ber of the Q on Council ► PRESENTED > —/ '/f JU L 1986 NOT APPROVED y REN_ V AN IP� " N ADOPTED V-t TY CLERK, SC) r 'yn