HomeMy WebLinkAboutConfirming Tax Abatement - Keener Printing & Lithography Inc. 411 W. Indiana Ave. (5 Year Personal Property)RESOLUTION
NO. 2284 -95
Passed by the Common Council of the City of South Bend, Indiana
October 9, 19 95
Attest: '`/� /1
Attest: e "
Presented by me to the Mayor of the City of South Bend, India
October 10, 95
19
Approved and signed by me
Clerk
of Common Council.
Ir /e ' � City Clerk
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9'!r
Mayor
RESOLUTION NO. 0�)E 7 5
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY
OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
411 W. Indiana Ave.
South Bend, IN 46613
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES
OF A (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
Keener Printing & Lithography, 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 411 W. Indiana Ave., South Bend, Indiana and which
is more particularly described as follows:
Lots 2 -4 -5 & Vac. Alley
Stull's 4
with said real estate having the following Key No. 18351561744,
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 Personal 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 Personal property
tax deduction for a period of five (5) 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 seq.
SECTION III. This Resolution shall be in full force and effect
from and after its adoption by the Common Council and
approval by the Mayor.
PRESENTED /(9 - / p- m er f the Common Council
9� j
NOT APPROVED
ADOPTED 10-9-q5