Confirming 414-422 E. Monroe St. and 509-513 S. Fellows St. as Urban Development Area for the Purposes of Tax Abatement Consideration

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RESOLUTION NO. “.. ‘ 1;.-Ica A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 414-422 EAST MONROE STREET AND 509-513 SOUTH FELLOWS STREET SOUTH BEND, INDIANA, TO BE AN URBAN DEVELOPMENT AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT AND A DETERMINATION OF THE PUBLIC UTILITY AND BENEFIT OF THE PROJECT PROPOSED FOR TAX ABATEMENT CONSIDERATION WHEREAS, the Common Council of the City of South Bend, has adopted a Declaratory Resolution designating certain areas within the City as Urban Development Areas for purposes of tax abatement consideration, and WHEREAS, a Declaratory Resolution designating the area commonly known as 414-422 East Monroe Street and 509-513 South Fellows Street, South Bend, Indiana and more particularly described by a line drawn as follows : Lots Numbered One ( 1) , Two (2) , Three (3 ) , and Four (4) as shown on the recorded Plat of Moses Stern ' s Subdivision of a part of Lots Nineteen ( 19) and Twenty (20) in Denniston and Fellows' Addition to the Town, now City, of South Bend, St . Joseph County, Indiana is an Urban Development Area, and WHEREAS, the Area Plan Commission has submitted to the Council its written order approving for the Declaratory Resolution to the Council, and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council having been published pursuant to Indiana Code 18-7-7-14, and WHEREAS, the Council held a public hearing for the purposes of hearing persons in favor of the proposed project and those remonstrators who were opposed to the proposed project, and WHEREAS, the Council has determined the public utility and benefit of the project. 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 Urban Development Area for purposes of tax abatement consider- ation and confirms its determination of the project' s public utility and benefit. 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. • em.rr of the C on Council M513 GLEl � °VI" SEP2 ?MOO Vine Gamin°o . PRESENTED //- Z 2 -a, 2 NOT APPROVED ADOPTED 1 1- e. a - 2 a