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Home My WebLink About5006-23 Resolution Confirming the Adoption of a Declatory Res.: 536 South Main, SB, IN United States of A eri p - FILED - w **» .,4 ;AR2 9 2023 �`` * AUDITOR+ST. JOSEPH COUNTY 44 •N, -RECEIVED- MAR 2 9 2023 ST: JOSEPH COUNT'v' Certificate ASSESSOR STATE OF INDIANA, COUNTY OF ST. JOSEPH, ss: 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 5006-23 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 536 SOUTH MAIN STREET, SOUTH BEND, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT-YEAR (8) REAL PROPERTY TAX ABATEMENT FOR SOMA CAPITAL LLC ADOPTED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, MARCH 13, 2023 PRESENTED TO, APPROVED AND SIGNED BY MAYOR JAMES MUELLER, MARCH 17, 2023 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 affixed the official Seal of tie City of South Bend, St. Joseph County, Indiana, this ' '3 li. day of ' d". 20.23 4 Y Dawn M. Jones Clerk of the City of South Bend St. Joseph County, Indiana I By: ./i,/� A //,A_•4 Deputy RESOLUTION No. 5006-23 Passed by the Common Council of the City of South Bend, Indiana March 13, 20 23 Attest: ,(.0 eel- 0}C.,&JCity Clerk Dawn M. Jones 1 ')Attest; 4 M[� hk r President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana March 14, 20 2iiVeteljik3 . nt - Ifiq'e.,..eA) City Clerk Dawn M. Jones Approved and signed by me M cc G^ ` 21 20 13 )7 /1111 --- Mayor Bill NO. 23-09 RESOLUTION NO. 5006-23 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 536 South Main Street, South Bend, IN 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN EIGHT- YEAR (8) REAL PROPERTY TAX ABATEMENT FOR SoMa Capital 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 described as: Key Number: 71-08-12-306-006.000-026 Commonly Known As: 536 South Main Street, South Bend, Indiana 46601 Legal Description: Lot 36 Ex 82 1/2 Ft E End Samuel Martins Add be designated as an Economic Revitalization Area under the provisions of Indiana Code § 6-1.1- 12.1 et seq., and South Bend Municipal Code Sections 2-76 et seq.; 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 multi-family 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- 100% Year 3 -95% Year 4-95% Year 5 —90% Year 6-90% Year?-85% Year 8 -85% 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. 111/ :P)111,( ShaBade, Council President South Bend Common Council Attest., kete, 7o Dawn M. Jones, City Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the Cityof South Bend, to the Mayor of the City of South Bend, Indiana, on the 6 day of (--/194(A1,64..)(--/194(A1,64..) , 2023, at a o'clock /1 .m. /i ka6(A3 ) ---) ' gri--e/-) Dawn M. Jones, City Clerk Office of the City Clerk Approved and signed by me on the I I day of rI IC I" ,2023, at 3 o'clock ftm. Jaes Mueller, Mayor t7j't& y of South Bend