Bill 16-31 Confirming Intersection of Mayflower Rd and Western Ave for a six (6) year real property tax abatement

Home Browse Search

SECTION IV. The Common Council hereby accepts the report and recommendation of the Community Investment Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines pursuant to Indiana Code 6 -1.1- 12.1-17 that the property owner is qualified for and is granted a property tax deduction for a period of six (6) years as shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code § 5 -3 -1 and Indiana Code § 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. PRESENTED HOT APPROVEL PTO -3- US.99336760.02 Member of the Common Council Filed in Clerk's Office MAR 2 3 2016 KAREEMAH FOWLER CITY CLERK, SOUTH BEND, IN