HomeMy WebLinkAboutReconfirming Tax Abatement - Axelberg & Axelberg LLC 2025 Main St (10 Year Real Property)RESOLUTION
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Passed by the Common Council of the City of South Bend, Indiana
July 25,
Attest:
05
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
July 26, 20 05
City Clerk
President of Common Council
Approved and signed by me July 26 2005
City Clerk
ATE
RESOLUTION NO. 3�-Or
A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
2025 S. MAIN STREET
TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A TEN (10) YEAR
REAL PROPERTY TAX ABATEMENT FOR
AXELBERG & AXELBERG,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 2025 S.
Main Street, South Bend, Indiana, and which is more particularly described as follows:
Lots 37 to 48 & 14' Vac Alley W & Adj & So 48' Bowman St & Vac Donald St,
Bowmans 1st Add.
Ireg Tract Beg 14'W & 18'S of SW Cor Lot 36 Bowmans & Being Pt of W1 /2
SWI /4 Sec 13 -37 -2E Cont 1.85 Ac +/-
and which has Key Number 18- 8011 -0489 and 18- 8012 - 056702, 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.
WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of
the Declaratory Resolution as Resolution No. 3212 -03 on July 28, 2003; and
WHEREAS, the Petitioner will exceed the two year designation period granted in the
Confirmatory resolution, which will expired on July 28, 2005; and
WHEREAS, the Petitioner has requested an additional period of time to complete
construction of the planned project.
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 Resoluti on
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 ten (10) years.
SECTION III. 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 ouncil
Filed In Clerk's Office
JUL 1 9 2005
PRESENTED -7 _z_S -Or
NOT APPROVED
ADOPTED. -7 -2-5-0-r�
TO THE COMMON COUNCIL OF THE CITY OF SOUTH BEND:
Your Committee of the Whole, to whom was referred:
BILL NO.
05 -91 A RESOLUTION RECONFIRMING THE ADOPTION OF A
DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS
WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY
KNOWN AS 2025 S. MAIN STREET TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A TEN (10)
YEAR REAL PROPERTY TAX ABATEMENT FOR AXELBERG &
AXELBERG,LLC
Respectfully report that they have examined the matter and that in their opinion, this bill
is being recommended to the full Council with a favorable recommendation.
Roland Kelly
Chairman