HomeMy WebLinkAboutConfirming Tax Abatement - Kinnucan Welsch Realty LLC 201 N. Olive St. (10 Year Real Property)Attest:
RESOLUTION
3234 -03
Passed by the Common Council of the City of South Bend, Indiana
August 25,
20 03
Presented by me to the Mayor of the City of South Bend, Indiana
August 26,
20 03
City Clerk
President of Common Council
Approved and signed by me August 28 20 03 .
City Clerk
M-.
RESOLUTION NO. '32-3 i -03
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
201 NORTH OLIVE STREET
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
KINNUCAN WELSCH REALTY L.L.C.
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 201 North
Olive Street, South Bend, Indiana, and which is more particularly described as follows:
North 57.39 F + on Olive x 257' of Lots 11 & 12 & P + S of 33, 32, 31, 30 & all of 29 & 14"
Vacant Alley West End Subdivision.
60.37 Ft on Olive Street x 261 Foot on Orange being Lot 10 and parts of 11- 30- 31 -32 -33 & 14
Foot Alley West End Subdivision.
and which has Key Numbers 18- 2038 - 128701 and 18- 2038 -1289, 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 ten (10) years, and further
determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the
City of South Bend and Indiana Code 6- 1.1 -12 et sea.
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.
PRESENTED 'i6 —2-5-G3
NOT APPROVED
ADOPTED r'—z� SA3
u
Member of the Common Cornicil
Filed in Clerk °s Office
AUG 0 � 200
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