Confirming Tax Abatement - Gene's Camera Shop Inc. 513 Lincolnway West (5 Year Personal Property)

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RESOLUTION NO. J y a) -R, A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 513 Lincolnway West TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL 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 purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 513 Lincolnway West, and 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 Hendricks and Grant's Addition to the Town, now the City of South Bend. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published 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 form interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization areas have been met. NOW, THERFORE, 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 herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for personal property tax abatement only and is limited to five (5) calendar year 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. ilir Member of th Cbmm.n Council 41 e 61E0 IN CLERK'S CEEICE JUL 6. 1986 IRLa'4z C J1,1 „ 'A�p PRESENTED -/ 7/-4 -«y CLERK, so. ' NOT APPROVED ADOPTED 2-- / 44-76