HomeMy WebLinkAboutConfirming Tax Abatement - G & B Realty, LLC. 1137 S. Lafayette Blvd. (10 Year Real Property)Attest:
RESOLUTION
NO. 2878 -00
Passed by the Common Council of the City of South Bend, Indiana
June 12,
00
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
June 13, 20 00
Approved and signed by me -�)-u ny- 13
City Clerk
President of Common Council
2060 .
City Clerk
RESOLUTION NO. ?19 18 -Oa
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1137 SOUTH LAFAYETTE BLVD.
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
G & B REALTY, 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 1137 South Lafayette Blvd., South Bend, Indiana, and
which is more particularly described as follows:
BEGINNING AT THE SW CORNER OF LOT 7, STULL'S EDITION; THENCE, N
ALONG THE E RIGHT -OF -WAY OF AN ALLEY A DISTANCE OF 336.06 FEET + OR
- TO A POINT; SAID POINT BEING THE NW CORNER OF THE S % OF LOT 64,
SOUTH BEND CITY EDITION; THENCE, E ALONG THE NORTHERN BOUNDARY OF
SAID % OF LOT 64 WHICH IS ON THE WESTERN RIGHT -OF -WAY OF LAFAYETTE
BLVD.; THENCE, S A DISTANCE OF 275 FEET + OR - TO THE SE CORNER OF
LOT 6, STULL'S SECOND EDITION; THENCE, W A DISTANCE OF 125 FEET TO
A POINT; THENCE, S 66 FEET TO A POINT; THENCE, W 40 FEET TO A POINT
OF BEGINNING. ALL BEING WITHIN THE CITY OF SOUTH BEND, COUNTY OF
ST. JOSEPH, STATE OF INDIANA.
SOUTH % 125 FT EAST END LOT 7 SAMUEL C. STULLS 2ND
and which has Key Numbers, 18- 8006 -0288, 18- 8002 -0115, 18 -8006-
0282, 18- 8006 - 028201, 18- 8006 -0285, 18- 8006 - 028501, 18- 8002 -0116,
18 -8006- 028801, 18- 8006 - 028802, 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 G -0 -00
NOT APPROVED
ADOPTED b -246
Member of the C4mAn Council
Filed 1€e Clerk's Office
MAY 15 2000
LOREEITA J. DUDA
CITY CLERK, 50. DEVD, IN,