HomeMy WebLinkAboutConfirming Tax Abatement - M/W Partnership Lot 4 Crossroads, Industrial Complex (6 Year Real Property)RESOLUTION
2102 -94
Passed by the Common Council of the City of South Bend,
February 28, 19 94
Attest:_ _ City Clerk
Attest:
Presented by me to the Mayor of the City of South Bend, Indiana
Approved and signed by me
February 29, 94
of Common Council.
19
City Clerk
-3-7 197
Mayor
RESOLUTION NO. o2lde EY
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREA WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
LOT #4 CROSSROADS INDUSTRIAL COMPLEX
TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR
M/W
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 Lot #4 Crossroads Industrial Complex and which is more
particularly described as follows:
Lot Numbered Four (4) as shown on the recorded Plat of
Crossroads Industrial Complex Phase II, Section One,
recorded in the Office of the Recorder of St. Joseph County,
Indiana, as Instrument No. 9201847
with said real estate having the following Key No. 25 1018 061610,
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 purpose 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 of six (6) 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.
from and after
the Mayor.
PRESEM a - L W-9 `f
NOT APPROVED
ADOPTED `2 `
This Resolution shall be in full force and effect
its adoption by the Common Council and approval by
Member of the Common Coun jq1 1
-2-
Filed in Clerk's Office
JAN 3 1 1994
mENE GAMMON
CITY CLERK, $0. BEND, IN.