Recinding Resolutions 4353-14 and 4361-14 211 West Washington (4 Year Real Property)

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RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND RESCINDING RESOLUTIONS 4353-14 AND 4361-14 WHICH DESIGNATED CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 211 WEST WASHINGTON STREET AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FOUR (4) YEAR REAL PROPERTY TAX ABATEMENT WHEREAS, a petition for real property tax abatement had previously been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area located at 211 West Washington Street, South Bend, Indiana which is more particularly described as: Lots 239 & 240 & Vac Alley W & Adj OP and which has Key Numbers 018-1008-0321 be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq.; and WHEREAS, the property owner previously petitioned the Common Council for real property tax abatement consideration for the purposes of refurbishing and renovating such building systems as elevators, plumbing and heating systems which had an expected investment amount of$3,000,000 over a two year period; and WHEREAS, the Common Council previously adopted Resolution 4353-14 on April 28, 2014 designating the real property as an Economic Revitalization Area under Indiana Code § 6- 1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, et seq.; and WHEREAS, the Common Council held a public hearing for the purposes and the public hearing before the Common Council and determined the qualifications for an economic revitalization were met; and WHEREAS, the Common Council previously adopted Resolution 4361-14 on May 12, 2014 which determined that the property owner is a qualified for and granted a real property tax deduction for a period of four(4) years; and WHEREAS, such refurbishing and renovation have not commenced and the property owner now intends to increase the scope of the rehabilitation and has submitted new petitions for tax abatement to reflect the greater investment; and U5.99336782.02