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Home My WebLink About4975-22 A Declaratory Resolution - Tax Abatement Monreaux, LLC United States of America , * ::w r'' NOV 01 2022 "' AUDITOR ST. JOSEPH COUNTY Certificate -RECEIVED- NOV 0 1 2022 STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: ST.JOSEPH SORCOUNTY ASSES I, Dawn M. Jones, Clerk of the City of South Bend, County of St. Joseph, Indiana, hereby certify that the attached and foregoing is a full, true, and correct copy of RESOLUTION 4975-22 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 505 S Michigan St, South Bend IN 46601 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT (8) YEAR MIXED-USE REAL PROPERTY TAX ABATEMENT FOR The Monreaux, LLC ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AUGUST 22, 2022 PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, AUGUST 23, 2022 ATTEST: SHARON L. MCBRIDE, PRESIDENT OF THE COMMON COUNCIL ATTEST: DAWN M. JONES, CITY CLERK the original of which is now on file in the office of the Clerk of the City of South Bend, St. Joseph County, Indiana. IN WITNESS WHEREOF, I have hereunto set my hand and affi dd the official Seal of the City Me of South Bend, St. Joseph County, Indiana, this 3/ day of vu20 02-2- -o. Dawn M. Jones Clerk of the City of South Bend St. Joseph County, Indiana n . . By: 404- // / ;o . Peputy RESOLUTION. No. 4975-22 Passed by the Common Council of the City of South Bend, Indiana August 22, 20 22 •r Attest: City Clerk awn M. Jones 9'VA/ft& M akt CL- )114;‘/1471°44 Attest; President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana August 22, 20 22 44Z 7)(' / City Clerk Dawn M. Jones Approved and signed by me `+t�1 Z3l 20 22 . Mayor BILL NO. 22-41 RESOLUTION NO. 4975-22 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 505 S Michigan St, South Bend IN 46601 AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT (8) YEAR MIXED-USE REAL PROPERTY TAX ABATEMENT FOR The Monreaux, 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 505 S Michigan St, South Bend, Indiana, and which is more particularly described as follows: (1) 132 Ft E End Lot 19Martins Add (2) N 44' Lot 20 Martins Add (3) S 1-3 Lot 20 Martins Add (4) Lot 21 &N 1/2 Vac Alley S & Adj Martins Add and which has Key Numbers 71-08-12-306-010.000-026, 71-08-12-306-011.000-026, 71-08-12- 306-012.000-026, and 71-08-12-306-013.000-026 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 mixed-use real property tax abatement only and is limited to three (3) 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 eight (8) 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 seq. Year 1 - 100% Year 2 - 95% Year 3 - 90% Year 4 - 85% Year 5 - 80% Year 6 - 75% Year 7 - 70% Year 8 - 65% 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. SAWISik -M aki I. Sharon L. McBride, Council President South Bend Common Council Atte: G Dawn M. Jones, City Cler Office of the City Clerk Presented by me, the undersignedClerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana on the 2� day of a�U�jN , 2022, at 19.0 0 o'clock P m. Ur/it ao0q , Dawn M. Jones, City Clerk Office of the City Clerk Approved and signed by me on the Z j i� day of Avid' , 2022, at o'clock .m. tMA - Jam,(Mueller, Mayor City of South Bend, Indiana