HomeMy WebLinkAbout4622-17 Confirming the adoption of a declaratory resolution for 321 S. Main Street as an Economic Revitalization Area for purposed of a five (5) year real property tax abatementAttest:
RESOLUTION
No. 4622 -17
Passed by the Common Council of the City of South Bend, Indiana
March 13, 2017
Presented by me to the Mayor of the City of South Bend. Indiana
March 14, 20 17
Approved and signed by me
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City Clerk
President of Common Council
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City Clerk
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RESOLUTION NO. i 'l
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
321 South Main Street, South Bend, IN 46601
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A (5) FIVE YEAR REAL
PROPERTY TAX ABATEMENT FOR
Hibberd Development, LLC
WHEREAS, the Common Council of the City of South Bend, Indiana, has
adopted a Declaratory Resolution designating certain areas within the City as Economic
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
321 South Main Street, South Bend, IN 46601 and which is more particularly described
as follows:
018 - 3008 -0263
LOT 274 EX 22'X90' NE COR O P SOUTH BEND
018 - 3008 -0264
LOT 275 34'N SIDE O P SO BEND
and which has Key Numbers 018 - 300 -0263 and 018 - 3008 -0264 be designated 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. The Common Council hereby confirms its Declaratory Resolution
designating the area described herein as an Economic Revitalization Area for the
purposes of tax abatement. Such designation is for Real Property tax abatement only and
is limited to (2) two calendar years from the date of adoption of the Declaratory
Resolution by the Common Council.
SECTION II. The Common Council hereby determines that the property owner is
qualified for and is granted real property tax deduction for up to a period of five (5) years
as provided in the abatement schedule below pursuant to Indiana Code 6- 1.1- 12.1 -17 and
further determines that the petition, the Memorandum of Agreement between the
Petitioner and the City of South Bend, and the Statement of Benefits comply with
Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code
6- 1.1 -12 et seq.
Real Property
Year Abatement
1 100%
2 100%
3 100%
4 100%
5 100%
SECTION III. This Resolution shall be in full force and effect from and after its
adoption by the Common Council and approved by the Mayor.
Sol p PPR0`6r``
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Member o Co Council
Filed in Clerk's Office
FEB 2 2 2017
KAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN