HomeMy WebLinkAboutConfirming Tax Abatement - 418 W. Jefferson Inc. 418 W. Jefferson Blvd. (3 Year Real Property)RESOLUTION
NO. 2786 -99
Passed by the Common Council of the City of South Bend, Indiana,
September 14, 19 99
A ,._.,. Pres
Presented by me to the Mayor of the City of South Bend, Indiana
September 14, 19 ---39
Approved and signed by me September 16,
Clerk
of Common Council.
City Clerk
Mayor
RESOLUTION NO. Z� 3� — � J
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
418 W. JEFFERSON BOULEVARD
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A THREE (3) YEAR REAL
PROPERTY TAX ABATEMENT FOR
418 WEST JEFFERSON, 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 418 W.
Jefferson Boulevard, South Bend, Indiana, and which is more particularly described as follows:
LOTS #9 AND 10, VAILS BLOCK 4
and which has Key Number 18- 3011 -0380, 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 0�- t�-1'°1
NOT APPROVED
ADOPTED Ck— \y AA
2
Member of the Common Council
Filed in Clerk's Offie0
FAU',�Y, 12 1999
CITY CLERK, W. aEtr7, did.