Designating Tax Abatement - 851 S. Mariette Ave. (10 Year Real Property)

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RESOLUTION NO. Inc- $'s A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 851 S. Marietta Avenue AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consider- ation has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 851 S. Marietta Avenue , South Bend, Indiana, and which is more particularly described by a line drawn as follows : A parcel of land being a part of Lots 91-98 and 99-106 J. Rush' s 4th Addition, and part of Lots 124 , 125, and 132 , E.H. Rush' s Addition, City of South Bend, Indiana, and being more particularly described as follows : Beginning at the intersection of the new South right-of-way line of Bronson Street ( 60 feet R/W) and the centerline of the now vacated Clinton Street ; thence South 89 .-49 ' 00" East along the new South right-of-way line of Bronson Street ( 60 feet R/W) , a measured distance of 249 . 00 feet ; thence South 44 .-56 ' 31" East , a measured distance of 28. 35 feet to the new West right-of-way line of Marietta Street ( 60 R/W) ; thence South 0 . -03 ' 24 " East along said West right-of-way line of Marietta Street , a measured distance of 359 .00 feet; thence North 89 .- 49 ' 00" West, a measured distance of 269 . 02 feet to the centerline of the now vacated Clinton Street; thence North 0 . -03 ' 24 " West along said centerline of now vacated Clinton Street, a measured distance of 379 . 00 feet to the place of beginning containing 2. 3361 acres more or less . 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 in- vestigation 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 questions ; 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. SECTION II . That this designation shall be limited to ten (10)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 hearing 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 PRESENTEDthe Mayor. / `� �k 7SS� NOT APPROVED /h / - ADOPTED 5�-2-5'S', a.o tz�ac .Q Member of the C.1'' on ouncil