Designating Tax Abatement - One Michiana Square Associates Project 100 E. Wayne St. (5 Year Real Property)

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RESOLUTION NO. ►Aga-g`I A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 100 E. Wayne Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consid- eration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 100 E. Wayne Street, South Bend, IN 46601, South Bend, Indiana, and which is more particularly described by a line drawn as follows : EXHIBIT A DESCRIPTION Lot Numbered Seven ( 7 ) as shown on the recorded Plat of River Bend Addition, recorded May 4 , 1977 in the office of the Recorder of St. Joseph County, Indiana, in Plat Book "R" , page 31. 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 question; 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 designa- ting 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 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 the Mayor. ��, Ar em.er of the on Council FILED IN CLERK'S OFFICE PRESENTED AUG_«,7-,5/ 2 21984 NOT APPROVED Irene Gammon ADOPTED g _sky CITY CLERK,SOUTH BEND,IND.