Confirming Tax Abatement - 1901 Western Ave. (5 Year Real Property)

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RESOLUTION NO. )n 7Q-(13 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1901 WESTERN AVENUE, SOUTH BEND, INDIANA, 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 pur- pose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area com- monly known as 1901 Western Avenue, South Bend, Indiana, and more particularly described by a line drawn as follows: Commencing at a point on the North line of Western Avenue which is One Thousand Three Hundred Twenty-Nine and Six-tenths (1 ,329.6) feet Easterly of the Inter- section of the Northeast corner of Western Avenue and Olive Street, which point is THE BEGINNING POINT of this description; thence Easterly along the Northerly line of Western Avenue a distance of Four Hundred Sixty-one and One-tenths (461 .1) feet from THE BEGIN- NING POINT; thence Northerly parallel to the Easterly line of Olive Street to the Southerly right-of-way of the Penn Central Railroad ; thence Northwesterly along the Southerly right-of-way of the Penn Central Rail- road to a point which is due North of THE BEGINNING POINT; thence due South to THE BEGINNING POINT. 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 abate- ment. Such designation if 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 . M• tuber of the Com/.n ouncil FILED IN CLEM'S OFFICE JUL 61983 PRESENTED 7 -//-Y3 NOT APRZO'"7 Irene Gammon CITY CLENN,SOUTH BEND,IND. ADOPTED 7._/, _83