HomeMy WebLinkAboutConfirming Tax Abatement - The Priemer/McCallum Project 421 S. Main St. & 201 W. Monroe (3 Year Real Property)Attest:
RESOLUTION
2137 -94
Passed by the Common Council of the City of South Bend, Indiana,
Attest
June 13
19_94
Clerk
Presented by me to the Mayor of the City of South Bend,
June 14 9 94
of Common Council.
City Clerk
Approved and signed by me �/—/ & 19 Q`4
e.
Mayor
RESOLUTION NO. �21.3% -936
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
421 S. MAIN AND 201 W. MONROE
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL
PROPERTY TAX ABATEMENT FOR
THE PRIEMER /McCALLUM PROJECT
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 421 S. Main and 201 W. Monroe and which
is more particularly described as follows:
52 1/2 feet by 110 feet, southeast part of lot 42,
Martin's addition
with said real estate having the following Key No.
1830150574, 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 and 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 1. 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 for a period of 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 g.
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 1p —/3 -9-�I-
NOT APPROVED
ADOPTED W-I /3 9
Red in Clark's office
MIAY 21999
IRENE GAMM0. %%
CITY CLERK, $0. EMU, IN.