Designating Tax Abatement - Enterprise Associates 1607 S. Main St. (5 Year Real Property)

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RESOLUTION NO. 13gaA_ 0„ A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 1607 S. Main Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 1607 S. Main Street, South Bend, Indiana, and which is more particularly described as follows: PARCEL I: All of Lots Numbered 2 , 3 , 4, 5 , and 6 all as shown on the recorded Plat of J. P. Creed's Second Addition to the City of South Bend, together with a 14 foot vacated alley lying West of and adjacent to Lots Numbered 1 to 6, both inclusive; and together with the North Half of a 14 foot vacated alley lying South and adjacent to said lot 6, all as shown on the recorded Plat of J. P. Creed' s Second Addition to the City of South Bend. PARCEL II: Also, a part of the Northwest Quarter of the Southwest Quarter of Section 13 , Township 37 North, Range 2 East in the City of South Bend, St. Joseph County, Indiana, and more particularly described as follows: Beginning at the intersection of the South line of Indiana Avenue and the East line of South Main Street in said City as existed on February 19, 1939; thence running East along the South line of Indiana Avenue a distance of 99 feet; thence running South 113 feet, more or less, to the North line of an alley 20 feet wide; thence West on the North line of said alley 99 feet to the East line of Main Street to a point directly South of the place of beginning; thence North 113 feet to the place of beginning. 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 Economic 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 recommendation 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 real property tax abatement.