HomeMy WebLinkAboutConfirming Tax Abatement - Monroe Park Apartments, L.P. 502 S. Fellows & 423 E. South St. (10 Year Real Property)RESOLUTION
NO. 2000 -92
Passed by the Common Council of the City of South Bend, Indiana
December 28,
Attest: t
M
Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
December
29, 92
9
City Clerk
Approved and signed by me _ i� _ 19 q-Z
Mayor
RESOLUTION NO. 02 -000- ?A
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA
COMMONLY KNOWN AS 502 SOUTH FELLOWS AND 423 EAST SOUTH STREET TO
BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10)
YEAR REAL PROPERTY TAX ABATEMENT FOR MONROE PARK APARTMENTS, L.P.
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
502 South Fellows and 423 East South and which is more particularly described
as follows:
A PARCEL OF LAND IN THE EAST HALF OF THE SOUTHWEST QUARTER OF SECTION 12,
TOWNSHIP 37 NORTH, RANGE 2 EAST, PORTAGE TOWNSHIP, IN THE CITY OF SOUTH
BEND, ST. JOSEPH COUNTY, INDIANA, BEING LOTS 2, 31 AND 4 OF JODSON'S
SUBDIVISION AS RECORDED IN BOOK 3, PAGE 12 AT THE ST. JOSEPH COUNTY
RECORDER'S OFFICE IN SOUTH BEND, INDIANA.
A PARCEL OF LAND IN THE WEST HALF OF THE SOUTHWEST QUARTER OF SECTION 12,
TOWNSHIP 37 NORTH RANGE 2 EAST, PORTAGE TOWNSHIP, IN THE CITY OF SOUTH
BEND, ST. JOSEPH COUNTY, INDIANA, BEING LOTS 2, 3, 4, 5, 6, 7, 15, 16 AND
17, OF JOHN RUSH'S 1ST ADDITION AS RECORDED IN BOOK 2, PAGE 53 AT THE ST.
JOSEPH COUNTY RECORDER'S OFFICE IN SOUTH BEND, INDIANA.
with said real estate having the following Key No. 18 3030 AND 18 -3027, 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 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
ten (10) 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 / yI,2 qq a
NOT APPROVED
ADOPTED
Member of gXe Common Council
in Clerk's Office
'DEC 2 9