HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Redevelopemtn Commission for Crescent Michiana Properties LLC NW Corner of Nimtz Pkwy & Crescent Circle (10 Year Real Property)Attest:
RESOLUTION
NO. 2637 -98
Passed by the Common Council of the City of South Bend, Indiana,
June 22,
Clerk
Attest: C - L/ President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indi
June 23, 19 98
Approved and signed by me June —
City Clerk
Mayor
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
NORTHWEST CORNER OF NIMTZ PARKWAY AND CRESCENT CIRCLE
TO BE AN ECONOMIC REVITALIZATION AREA FOR
PURPOSES OF A TEN (10) YEAR REAL
PROPERTY TAX ABATEMENT FOR
SOUTH BEND REDEVELOPMENT COMMISSION
FOR THE BENEFIT OF
CRESCENT MICHIANA PROPERTIES 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
Northwest corner of Nimtz Parkway and Crescent Circle, South Bend, Indiana, and which is
more particularly described as follows:
Lot #3 of Blackthom Corporate Office Park minor subdivision #7. A part of NE 1/4 & SE
1/4 of sec. 19- T38N -R23 & a part of NW 1/4 & SW 1/4 of section 20- T38N -R2E, German
Township, City of South Bend, St. Joseph County, Indiana
and which has Key Number 18 -1018 -0622, 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 1I. 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
NOT APPROVED �/
ADOPTED ( -)2- l C p
I
Member of the Common Council
Filed in Clerk's Office
JUN 1 1 1998
LORETTAJ. DUDA
CITYCLERK, 90. BEND, IN.