HomeMy WebLinkAboutConfirming Tax Abatement - TD 1996 Real Estate Trust 7701 Vorden Ct. (10 Year Real Property)Attest:
RESOLUTION
3111 -02
Passed by the Common Council of the City of South Bend, Indiana
August 12, 20_ 02
Presented by me to the Mayor of the City of South Bend, Indiana
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City Clerk
President of Common Council
August 15,
Approved and signed by me
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City Clerk
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RESOLUTION NO. 3M-0-1-
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
7701 VORDEN COURT
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
TD 1996 REAL ESTATE TRUST
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 7701 Vorden
Court, South Bend, Indiana, and which is more particularly described as follows:
Blackthorn West Business Park Major Sub, Lots 5, 6, 7, 8, 9, and 11
and which has Key Numbers 31 -1036- 059003, 31 -1036- 059004, 31- 1036 - 059005, 31 -1036-
059006, 31 -1036- 059007, and 31- 1036- 059009, 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
NOT APPROVED
ADOPTED '3-N2,- 01-
Member of the Co on Council
Filed In Clerk's Office
JUL 0 3 2002
LORMAJ. DUDA
WTYCLERK, 80. BEND, IN,