HomeMy WebLinkAboutConfirming Tax Abatement - Fortuna Land Company 802 S. Fellows (3 Year Real Property)RESOLUTION
2138 -94
Passed by the Common Council of the City of South Bend, Indiana
Attest
June 13
19 9\4
Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
June 14 19 94
of Common Council.
Approved and signed by me (Y/U/ 19 `
City Clerk
Mayor
RESOLUTION NO. �Z
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWQAS
802 S. FELLOWS
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR
REAL PROPERTY TAX ABATEMENT FOR
FORTUNA LAND COMPANY
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 802 S. Fellows and which is more particularly described as fol-
lows:
LOTS 156 THRU 167 EX NE COR LOT 161 AND VACATED ALLEYS E H RUSHES
SECOND ADD KNOWN AS PARCEL #12 MONROE /SAMPLE REDEVELOPMENT AREA
with said real estate having the following Key No. 18- 3092 -3512, 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 Reso-
lution designating the area described herein as an Economic Revital-
ization 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 Resolu-
tion 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 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 seq.
SECTION III. This Resolution shall be
and after its adoption by the Common
Mayor.
iBESENTED
NOT APPROVED
ADOPTED
in full force and effect from
Council and approval by the
Filed hi Clerk's' 'Off$;; -
LFIAV 1 7 �.Da94f
if+Et1G GAG?si'flP9