HomeMy WebLinkAboutConfirming Tax Abatement - M & K Associates 1024 S. Main St. (3 Year Real Property)Attest
RESOLUTION
NO. 2327 -96
Passed by the Common Council of the City of South Bend,
January 8,
Attest
Presented by me to the Mayor of the City of South Bend, Indiana
January 9, 19 96
Clerk
of Common Council.
City Clerk
Approved and signed by me V V`-�Ja 19
Mayor
RESOLUTION NO. 132 126
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN
THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
1024 SOUTH MAIN STREET, TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A 3 -YEAR
REAL PROPERTY TAX ABATEMENT FOR
M & K ASSOCIATES
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 1024 South Main Street, South Bend, Indiana, and which is
more particularly described as follows:
Lot Numbered Five (5) as shown on the recorded Plat of
Studebaker Corridor Fourth Minor Subdivision, recorded
May 7, 1993, in the Office of the Recorder of St. Joseph
County, Indiana, as Instrument No. 9315731.
which said real estate having the following Key Number 18 -8001-
0036, 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 three (3) 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 se q.
SECTION III.
from and after
the Mayor.
PRESENTED /- O F qC
NOT APPROVED W-%
ADOPTED /_-
This Resolution shall be in full force and effect
its adoption by the Common Council and approval by
Member of the Common C ncil
►'1
Filed in Clerk•e Office
END U 2 2 1.995
IWENE®AMMON
CITYCkfiRK.90.9END, M.