Confirming Tax Abatement - Lake Supply Co. Inc. 3302 W. Rosetta Dr. (5 Year Real Property)

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RESOLUTION NO. I a Q l- $ I A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 3302 W. ROSETTA DRIVE, 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 3302 W. ROSETTA DRIVE, and more particularly described by a line drawn as follows: Lot #6 of the Beverly/Place Sub-division beginning 7571 south of the NE corner of the SE 14 Sec 28 T38N R2E, 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 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 desi,gsSt.ion 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. 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. ii - I._ /�'L e-.erruo the � .mmon Council PRESENTED / 1- / 9 - 9'V FILED IN CLERK'S OFFICE NOT APPROVED ry NOV 1 41984 ADOPTED / /— C 9'-Q 5`/ Irene Gammon owY aERN,SOUTH BEND,IND.