HomeMy WebLinkAboutDesignating Tax Abatement - 113 East Wayne St. (10 Year Real Property)RESOLUTION
NO. 1868 -91
Passed by the Common Council of the City of South Bend,
May
20,
19 91
Attest:_ -/L' � City Clerk
Attest: ' President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indian
May
21,
91
19
Approved and signed by me- C _
IR
City Clerk
193 '.
Mayor
AMENDED RESOLUTION 91 -26
RESOLUTIONNO. �� c41 ' /
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA
COMMONLY KNOWN AS 113 EAST WAYNE STREET TO BE AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A TEN YEAR REAL PROPERTY TAX
ABATEMENT FOR
113 EAST WAYNE STREET
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 113 East
Wayne and which is more particularly described as follows:
113 East Wayne Street in the City of South Bend, in St. Joseph County, Indiana,
comprising the east 75 feet of Lot 53 and the east 75 feet of the south one -half of
lot 54, all as shown on the Original Plat of the Town, new City, of South Bend,
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 Resolution formally
amending the Declaratory Resolution No. 1681 -88 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.
SECTION III. The Common Council hereby acknowledges that the original
Declaratory Resolution was adopted by the Common Council on December 12, 1988 through
Resolution No. 1681 -88. The Council further acknowledges that Resolution No. 1681 -88 was
formally amended on April 22, 1991 to reflect the fact that the petitioner has complied with
the Common Council requirement to have a leasehold tenant for the property before the
Confirmatory Resolution be formally acted upon by the Council. In light of the time needed to
procure a tenant for said property, the original Declaratory Resolution was formally amended
to extend the period of time for such designation as a Real Property Tax Abatement area.
SECTION W. This Resolution shall be in full force and effect from and after
its adoption by the Common Council and approval by the Mayor.
of thelSgwOon Council
PRESENTED 5 _ Q O -c( I
NOT APPROVED
ADOPTED S _ a. a - q / 1 CLaJ nii
Office
APR 2 2 1991