HomeMy WebLinkAboutConfirming Tax Abatement - JVE Investment LLC (The Tire Rack, Inc.) 3851 Olive Rd. (10 Year Real Property)Attest:
RESOLUTION
NO. 2892 -00
Passed by the Common Council of the City of South Bend, Indiana
June 26,
20 00 .
Presented by me to the Mayor of the City of South Bend, Indiana
June 27,
rW N
City Clerk
President of Common Council
Approved and signed by me
June 28,
20 00
City Clerk
0
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
3851 OLIVE ROAD
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
JVE INVESTMENT LLC (THE TIRE RACK, INC.)
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 3851 Olive Road, South Bend, Indiana, and which is more
particularly described as follows:
WEST SIDE SOUTHWEST 1/4 65.40 ACRES AND SOUTHWEST NORTHWEST 1/4
SOUTH OF TOLL ROAD 1.5 ACRES MORE OR LESS SECTION 19 38 2 EAST.
and which has Key Numbers, 251011 -0186, 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.
from and after
the Mayor.
PRESENTED 6-"-"
NoT APPROVED
ADOPTED 6 -Zb -ob
This Resolution shall be in full force and effect
its adoption by the Common Council and approved by
Member of the Co O Council
Flied In Clark's Office
EJUN5 :O:2000
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LORETTAJ. DUDA
CRT CLERIC, SO. DEMD, IR.