HomeMy WebLinkAboutConfirming Tax Abatement - PTD Properties, Inc. 1202 S. Lafayette Blvd. (3 Year Real Property)Attest:
RESOLUTION
NO. 2826 -00
Passed by the Common Council of the City of South Bend, Indiana
January 10,
00
20_.
Presented by me to the Mayor of the City of South Bend, Indiana
January 11, 20 00
City Clerk
President of Common Council
Approved and signed by me __ January l 1 , 20 Q .
City Clerk
M.
RESOLUTION NO., G Zb- DYE
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1202 SOUTH LAFAYETTE BOULEVARD
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A THREE (3) YEAR REAL
PROPERTY TAX ABATEMENT FOR
PTD PROPERTIES, INC. (BRASS EAGLE FAMILY BILLIARDS, 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 1202
South Lafayette Boulevard, South Bend, Indiana, and which is more particularly described as
follows:
PARCEL I
Lots 18 and 19 of Stoll's First Addition in the City of South Bend, Indiana
PARCEL II
Lot 17 and North 44 feet of Lot 16 of Stoll's First Addition in the City of South Bend,
Indiana
and which have Key Numbers 18- 8004 -0162 and 18- 8004 -1064, 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 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.
PRESENTED
NOT APPROVED
c Q Z
Member of the Common ou cil
Filed it a Clerk's Office
�lOU 3 0 t999
LORETTAJ. DUDA
CICY CLERK, 30. BEND,U
ADOPTED \— \0 -0a 1--