Designating Tax Abatement - 1116 S. Main St. (5 Year Real Property)

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RESOLUTION NO. _LO GS-513 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 1116 South Main, AN ECONOMIC REVITALIZA- TION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 1116 South Main, South Bend, Indiana, and which is more par- ticularly described by a line drawn as follows; Lots 16, 17 , 18 So . Bend City Addition. Except east 34 ' Lot 18 and 23 ' x 34 ' northeast corner of Lot 17 , being designated as an Economic Revitalization Area under the pro- visions 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 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 designa- ted an Economic Revitalization Area and hereby adopts a resolu- tion designating this area as an Economic Revitalization Area for purposes of resl 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. Mm memtrer of the Co . ouncil FILED IN CLEFS OFFICE PRESENTED 4 --/g e3 NOT APPROVED JUN '3 1983 ADOPTED 6-/3 „ Irene Gammon CITY CLERK,SOUTH REND,IND.