HomeMy WebLinkAboutConfirming Tax Abatement - South Bend Redevelopment Commission for Benefit of Management Consortium, Inc. 5820 W. F. Jay Nimtz Pkwy. (10 Year Real Property)RESOLUTION
NO. 2340 -96
Passed by the Common Council of the City of South Bend, Indiana,
Attest:
February 26, 19 96_
Presented by me to the Mayor of the City of South Bend. India
February 27, 19--g-(y,.
Clerk
of Common Council.
City Clerk
Approved and signed by me z/N 7 19�_.
Mayor
RESOLUTION NO. Z y D' %
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
5820 WEST F. JAY NIMTZ PARKWAY
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR
THE SOUTH BEND REDEVELOPMENT COMMISSION
FOR THE BENEFIT OF:
THE MANAGEMENT CONSORTIUM, 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 5820
West F. Jay Nimtz Parkway and which is more particularly described as follows:
Lot #3 of the Blackthorn Corporate Office Park
and which has Key Number 25- 1018 - 0624.03, 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 11. 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 -12.1 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.
P:\ MME \TAXABATE \ABATES96\MANAGE2.RES
PRESENTED C,2 C b9
NOT APPROVED
ADOPTED a - ah - %6
Member of the Common Council
JAN t B 1996
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