HomeMy WebLinkAbout4673-17 Confirming a 7 year Real Property Tax Abatement for Tri-Pac, Inc. FRESOLUTION
No. 4673-17
Passed by the Common Council of the City of South Bend, Indiana
October 23 20--1-7 .
Attest: - City Clerk
Attest' President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
October 24, 20 17
City Clerk
Approved and signed by me 20�!
.�— Mayor
RESOLUTION NO. W '3 -11
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3333 N Kenmore St, South Bend, IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A SEVEN (7) YEAR REAL
PROPERTY TAX ABATEMENT FOR
Tri-Pac, Inc.
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 3333 N
Kenmore St, South Bend, in 46628 described as follows:
466.42'X452'BEG 821.42'W NE COR SEC 28-38-2E 5AC
391.24'X 452' NE OF DRAINAGE COURSE SEC 28-38-2e 4.064 AC
and which has Key Numbers 025-1010-038504 and 025-1010-038505, respectively, and 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 two (2) 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 a period of seven(7)years as shown by the schedule
outlined below as well as the attachment 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 se .
Year 1 - 100%
Year 2 - 100%
Year 3 - 100%
Year 4 - 100%
Year 5 - 100%
Year 6 - 100%
Year 7 - 100%
SECTION IIl. 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 Common Council
Filed in 05. Ofte
OCT 0 5 2017
PRESENTED KAREEMAH FOWLER
CITY CLERK,SOUTH BEND,IN
NOT APPROVEt'•
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