Designating Tax Abatement - Monte & Betty Wechter 917 S. Chapin St (5 Year Real Property)

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RESOLUTION NO. \ 35.Y- gS' ' A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 917 SOUTH CHAPIN 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 917 South Chapin Street, South Bend, Indiana, and which is more par- ticularly described by a line drawn as follows : The South 150 feet of Parcel No . 4 of the In- ner Belt Industrial Park, a subdivision in the Southeast and Southwest Quarters of Sec- tion 11, and the Northeast Quarter of Section 14, all in Township 37 North, Range 2 East of the Second Principal Meridian, City of South Bend, Indiana, the plat of which is recorded in Plat Book 21, page I, in the Office of the Recorder of St. Joseph County, Indiana. be designated as an Economic Revitalization Area under the provi- sions 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 boun- daries 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 re- commended 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 designa- ted an Economic Revitalization Area and hereby adopts a resolu- tion designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION II . That this designation shall be limited to five (5 ) calendar years from the date of the adoption of this Resolution by the Common Council . SECTION III . That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published, said publication providing notice of the public hear- ing before the Common Council on said declaration. SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. A J/ : . .� 4 �L�,2 Citw,� .V 1 F.}giber of the `: m. Council PRESENTED /0 -1q-SS NOT APPROVED OCT 1985 ADOPTED ( O I N - g RE NE GAM(^ (-ITV r:cny