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RESOLUTION NO. 1\c q- g q <br /> A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY <br /> OF SOUTH BEND, COMMONLY KNOWN AS 419-423 North Michigan <br /> Street _ _.._ TO BE AN LGONOMIC REVITALIZATION <br /> AREA FOR PURPOSES OF TAX ABATEMENT. <br /> WHEREAS, the Common Council of the City of South Bend has <br /> adopted a Declaratory Resolution designating certain areas within the <br /> City as Economic Revitalization Areas for the purpose of tax abate- <br /> ment consideration; and <br /> WHEREAS, a Declaratory Resolution designated the area <br /> commonly known as 419-423 North Michigan Street, South Bend Indiana <br /> and more particularly described by a line drawn as follows : <br /> LEGAL DESCRIPTION - <br /> Lots 159 OP South Bend and S 1/2 lot 158 <br /> as an Economic Revitalization Area; and <br /> WHEREAS, notice of the adoption of a Declaratory Resolution <br /> and the public hearing before the Council has been publidhed pursuant <br /> to Indiana Code 6-1 .1-12.1-2-5; and <br /> WHEREAS, the Council held a public hearing for the purposes <br /> of hearing all remonstrances and objections from interested persons ; <br /> and <br /> WHEREAS, the Council has determined that the qualifications <br /> for an economic revitalization area have been met. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br /> City of South Bend , Indiana, as follows : <br /> SECTION I. That the Common Council hereby confirms its <br /> Declaratory Resolution designating the area described herein as an <br /> Economic Revitalization Area for the purposes of tax abatement. Such <br /> designation is for real property tax <br /> abatement only and II—limited to five (5j calendar years fromthe <br /> date of adoption of the Declaratory Resolution by the Common Council . <br /> SECTION II. This Resolution shall be in full force and <br /> effect from and after its adoption by the Common Council and approval <br /> by the Mayor. <br /> Membe of the Common Comm <br /> • MED ICI CLERK'S OFFICE <br /> PRESENTED b-//-k 'y JUN 6 198 <br /> NOT APPROVED <br /> Gammon Irene <br /> ADOPTED 6-I/—es/ GUYY CLERK,SOUTHBD,I <br />