HomeMy WebLinkAboutDesignating Tax Abatement - Briarwood South Bend Development 419 S. Main (3 Year Real Property)NO. 19�UTION
Passed by the Common Council of the City of South Bend, Indiana,
October
22, 90
19
Clerk
Attest: ZZ, _ President of Common Council.
Presented by me to the Mayor of the City of South Bend; l
October 23, 90
9
`�" �' City Clerk
Approved and signed by me_ October 26
Mayor
RESOLUTION NO. /t?./ X - C/ Q
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS 419 SOUTH MAIN TO BE
AN ECONOMIC
REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL
PROPERTY TAX ABATEMENT FOR BRIARWOOD SOUTH BEND DEVELOPMENT
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 419 South Main and which is more particularly
described as follows:
Lot 40 & N 44' of Lot 41 Martins Addition to City of
South Bend, Indiana
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) calander 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 three (3) years.
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 IQ -a �" - (7o
NOT APPROVED
ADOPTED
Member of the S/oa(mon Co4iiicil
Filed in Clerks Office