HomeMy WebLinkAboutConfirming Tax Abatement - Edison Lake View Associates & Advantage Puck Technologies 1850 N. Sheridan Ave. (3 Year Real Property)Attes
RESOLUTION
191 lot, I Kole]
Passed by the Common Council of the City of South Bend, Indiana
January 27,
03
20_
Presented by me to the Mayor of the City of South Bend, Indiana
January 28 20 Q3.
City Clerk
dent of Common Council
JANUARY 29,
Approved and signed by me
20 03 .
City Clerk
RESOLUTION NO. 3 1 5 `i - 03
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1850 NORTH SHERIDAN AVENUE
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR
EDISON LAKE VIEW ASSOCIATES AND
ADVANTAGE PUCK TECHNOLOGIES
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 1850 N.
Sheridan Avenue, South Bend, Indiana, and which is more particularly described as follows:
Parcel 1 - Tax Key Number 18- 2184- 693808 - South Part Lot 9 -A, Sec. 33 -38 -2E
Parcel 2 - Tax Key Number 25- 1006 - 029901 - SW 1 -4 of the NE 1 -4, Sec. 33 -38 -2E
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 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 three (3) 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.
PRE5ENTED -2 -1'03
NOT APPROVED
ADOPTED t-1-71-1N3
Q Jt -4/Yl (IC
Member of the Common Coun it
Pied WS Office
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LOR TTAJ. DUDA
C" CLERK jjEjJD.