HomeMy WebLinkAboutConfirming Tax Abatement - K & L LLC 4070 Megan Beeler Dr. (6 Year Real Property)RESOLUTION
NO. 2671 -98
Passed by the Common Council of the City of South Bend, Indiana,
September 14, 19 98
Clerk
Attest: , � President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
September 15, 19 98.
Approved and signed by me September 21, _ 1998 _
Clark
Mayor
RESOLUTION NO. f2O) -98
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
4070 Megan Beeler Drive
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A SIX (6) YEAR REAL
PROPERTY TAX ABATEMENT FOR
K &LLLC
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 4070 Megan Beeler Drive and
which is more particularly described as follows:
42.41 AC MID PT NW SEC 21 -38 -2E
and which has Key Number 25 -1013- 020702, 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 IL The Common Council hereby determines that the property owner is qualified for and is granted Real
property tax deduction fora period of SIX C�) 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.
PRE A
NOT T APPROVED
9 g
PP
ADOPTED 9_ g /_7Ci Member of the Common Council