HomeMy WebLinkAbout4621-17 Confirming the adoption of a declaratory resolution designating the northeast corner of Adams Road and US 31 as an Economic Revitalization Area for purposes of a six (6) year real property tax abatementAttest:
RESOLUTION
No. 4621 -17
Passed by the Common Council of the City of South Bend, Indiana
March 13, 20 17
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
March 14, 20 17
Approved and signed by me Q'd /� 20 0 .
City Clerk
M.
RESOLUTION NO. ._ 11
A RESOLUTION CONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS
Northeast Corner of Adams Road and U.S. 31, South Bend, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A (6) SIX YEAR REAL
PROPERTY TAX ABATEMENT FOR
GLC Portage Prairie III, 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
the Northeast corner of Adams Road and U.S. 31, South Bend, IN 46628 and which is
more particularly described as follows:
S PT NW & W END N SW & W END S SW EX 11.6S3 AC TO STATE & NE PT
SW SEC 8 38 2E TOTAL 119.107 AC ANNXD 06 -07 ORD #9638 -05
and which has Key Number 025- 1002 - 001301 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 six (6) 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%
6 100%
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.
Member of the ommon Council
�RESENTED
qOT APPROvTr
*DOPTM 131 i 3 j i ri
Filed in Clerk's Office
FEB 2 2 2017
KAREEMAH FOWLER
CITY CLERK, SOUTH BEND, IN