HomeMy WebLinkAboutConfirming Tax Abatement - Coyne Investments LP Downtown South Bend Parking Garage Rehabilitation 119 W. Wayne (6 Year Real Property)RESOLUTION
NO. 2030 -93
Passed by the Common Council of the City of South Bend, Indiana
April 12, 1993
Attest:_ _ - 1 ` /d�Y?^-- 'v'�! City Clerk
Attest
Presented by me to the Mayor of the City of South Bend,I
April 13, 93
9
of Common Council.
City Clerk
Approved and signed by me
G
Mayor
RESOLUTION NO. o2 030 - 93
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA, COMMONLY KNOWN AS
119 WEST WAYNE, SOUTH BEND, INDIANA 46601
TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A six YEAR REAL
PROPERTY TAX ABATEMENT FOR
Coyne Investments Limited Partnership Downtown South Bend Parking Garage Rehabilitation
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 know as (common address)
and which is more particularly described as follows:
Lots 289 -290 and 291 Original Plat
119 West Wayne Street
South Bend, Indiana 46601
with said real estate having the following Key No. 18- 3007 -0239, 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 four (4) 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 se .
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.
Member of the Common Council
Filed in Clerks Office
RIS018'71
OPESENTEQ .3-. ;2.7- "!
NOT APPROVED
ADOPTED_ �� -9�