Confirming Tax Abatement - 227 S. Main St. Associates (5 Year Real Property)

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RESOLUTION NO. ( y Q - t tf A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 227 South Main Street TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF 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 abate- ment consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 227 South Main Street and more particularly described by a line drawn as follows : Forty-four feet in width North and South taken off and from the entire length of the South side of Lot Numbered Two Hundred Sixty- three ( 263 ) as shown on the Original Plat of the Town, now City, of South Bend. and Situate in St . Joseph County, in the State of Indiana: Thirty-three ( 33 ) feet taken off of and from the entire length of the South side of Lot Numbered Two Hundred Sixty-two ( 262 ) and Twenty-two ( 22 ) feet taken off of and from the entire length of the North side of Lot Numbered Two Hundred Sixty-three ( 263 ) of the Original Plat of the Town, now City of South Bend. 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 held a public hearing for the purposes of hearing all remonstrances and objections from interested persons ; 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 designation 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. FILED M9 CLERK'S OFFICE m.».: . ) :S34 Irene Gammon CITY CLERK,SOUTH BEND,IND. AIL � / Member of the C j on Council PRESENTED ,S-- /5"' / NOT APPRO,rd ADOPTrz S-/ q_ S /