HomeMy WebLinkAboutConfirming Tax Abatement - Olive South Bend LLC NW Corner of Olive Road & Old Cleveland Rd (10 Year Real Property)RESOLUTION
NO. 2752 -99
Passed by the Common Council of the City of South Bend, Indiana
June 14, 19 99
Attest:
Presented by me to the Mayor of the City of South Bend. Indiana
June 15, 1999
Approved and signed by me June 15,
Clori
of Common Council.
..
City Clerk
Mayor
RESOLUTION NO. 21 51-1q
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
NW CORNER OF OLIVE ROAD AND OLD CLEVELAND ROAD
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
OLIVE SOUTH BEND, L.L.C.
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 NW corner of Olive
Road and Old Cleveland Road, South Bend, Indiana, and which is more particularly described as follows:
Lot 1 and Lot 2 as said Lots are known and designated in the recorded plat of Kidder's Olive
Road Minor Subdivision (Office of th Recorder of St. Joseph County, Indiana Document
number 9818752), containing 19.24 Acres, subject to public highways and any easements of
record, if any.
and which has Key Number 25 -1011 -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. This Resolution shall be in full force and effect from and after its adoption by the Common
Council and approved by the Mayor.
PRESENTEd .L -kq -19
NOT APPROVED
ADOPTgp �� -kkol
Filed in Clerk's Office
MRIi' 1 7 1999
LORMAJ. DUDA
CITY CLERK, SO. BEND, 1M.
Member of the Common Council