HomeMy WebLinkAbout4686-17 Designating Tax Abatement for River Park Leasing Corporation RESOLUTION
No. 4686-17
Passed by the Common Council of the City of South Bend, Indiana
November 27, 2017
Attest: City Clerk
Attest- President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
November 28, 20 17
City Clerk
Approved and signed by me Noywber 20 1 / .
RESOLUTION NO. 4686-17
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 .
Intersection of Jefferson Blvd and Main St, South Bend, IN 46601
AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A
(6) SIX-YEAR REAL PROPERTY TAX ABATEMENT FOR
River Park Leasing Corporation
WHEREAS, a petition for real property tax abatement consideration has been filed with
the City Clerk for consideration by the Common Council of the City of South Bend, Indiana,
requesting that portions of the property located at the intersection of Jefferson Boulevard and Main
Street, South Bend, Indiana 46601which is more particularly described as follows:
Lot 260AA of the record plat of the Original Town of South Bend, Jefferson and
Main, Second Replat recorded on March 25, 2013, as Document No. 1308726 in the
Office of the Recorder of St. Joseph County
and which has Key Number 018-3007-0231, and be designated as an Economic Revitalization
Area under the provisions of Indiana Code 6-1.1-12.1 et se ., and South Bend Municipal Code
Sections 2-76 et seg., and;
WHEREAS,the Department of Community Investment 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 seq., and South
Bend Municipal Code Sections 2-76, et M., and has further prepared maps and plats showing the
boundaries and such other information regarding the area in question as required by law; and
WHEREAS,the Community Investment 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:
SECTION I. The Common Council hereby determines and finds that the Petition for Real Property
Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the
requirements of Indiana Code § 6-1.1-12.1 et seq., for tax abatement.
Year 1 - 100%
Year 2 - 100%
Year 3 - 100%
Year 4 - 100%
Year 5 - 100%
Year 6 - 100%
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.
Member of the Common Council
PPESENTE t ( 7
OPTED l►�2�/ l �