Designating Tax Abatement - 850 South Marietta St. (5 Year Real Proeprty)

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the Southwesterly right-of-way of said George Avenue, South 58°O1' west , 20 .0 feet, more or less; thence South 58° 25 ' west , 49 . 9 feet, more or less; thence South 89° 57 ' west, 4 . 8 feet; thence to an extension of the Northerly line of Lot 120 in said E.H. Rush' s First Addition, South 0°03' East, 34 . 3 feet, more or less ; thence on said extension and Northerly line of lot 120 in E.H. Rush' s First Addition, North 89°48 ' 30 west , 125. 0 feet, more or less , to the point of beginning. 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 investigation and prepared a report with information sufficent 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 bylaw 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-add---recommendation of the Human Resources and Economic Development Committee that the area herein described be designa- ted an Economic Revitalization Area and hereby adopts a resolu- tion designating 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 adaoption by the Common Council and approval by the Mayor. e er of f t the C A e er n Council PRESENTED //-/ V-i3 NOT APPROVED FILED IN CLE 1'S OFFICE ADOPTED //_/%j3 J'! 1983 Irene Gammon CITY CUR16 SOUTH BEND,IND.