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

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RESOLUTION NO. t 3 q le A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1607 S. Main 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 purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1607 S. Main Street and more particularly described as follows: PARCEL I: All of Lots Numbered 1, 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. 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 from interested persons; and WHEREAS, the Council has determined that the qualifications 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 herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to five (5 ) calendar years from the date of adoption of the Declaratory Resolution by the Common Council.