Designating Tax Abatement - 3722 Foundation Court - Imagineering Enterprises, Inc.

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RESOLUTION NO. ~ ~ ~ ~ ' ° A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3722 Foundation Court AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN (5) FIVE-YEAR REAL PROPERTY TAX ABATEMENT FOR IMAGINEERING ENTERPRISES, INC. WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 3722 Foundation Court, South Bend, Indiana, and which is more particularly described as follows: Lot numbered Two (2) as shown on the plat of Metro-Aledo Minor Subdivision and recorded as document number 9440809 in the Office of the Recorder of St. Joseph County, Indiana excepting sixty (60) feet in width off the entire south side thereof. and which has Key Number 025-1010-040018, be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1-12.1 et sey., and South Bend Municipal Code Sections 2-76 et seq., and; WHEREAS, the Department of Community and Economic Development 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, et seg., and South Bend Municipal Code Sections 2-76, et sec ., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required bylaw; and WHEREAS, the Community 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: