HomeMy WebLinkAboutConfirming Tax Abatement - The Forester Group LLC 5021 Nimtz Parkway (2 Year Real Property)Attest:
RESOLUTION
4421 -15
Passed by the Common Council of the City of South Bend, Indiana
February 9,
15
20
City Clerk
President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
February 10, 2015
Approved and signed by me Ak'- o *cyG 2q 20)S—.
City Clerk
RESOLUTION NO. 4 T Z(—(r
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS:
5021 Nimtz Parkway, South Bend IN 46628
AS AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TWO (2) YEAR REAL
PROPERTY TAX ABATEMENT FOR:
THE FOSTER GROUP, 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 5021
Nimtz Parkway, South Bend, Indiana, and which is more particularly described as follows:
Blackthorn Industrial
First Minor Sub
Lot 1 11.212 ACS
and which has Key Numbers 025- 1018- 062803 be designated 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
remonstrance's 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 up to a period of two (2) years as shown by the
attachment pursuant to Indiana Code 6 -1.1- 12.1 -17 and further determines that the petition, the
Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement
of Benefits comply 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 2 —` r
NOT APPROVED
ADOPTED A S
Member of t e Common Council
Hled In c l I-rWi Of ice
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