HomeMy WebLinkAboutConfirming Tax Abatement - 3-G Properties 1111 S. Main St. (6 Year Real Property)RESOLUTION
NO. 1793 -90
Passed by the Common Council of the City of South Bend, Indiana
June 11, ,o 90
Attest:_ _ ez,-0, _ ^J City Clerk
Attest: / J " _ President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
June 12, 90
City Clerk
Approved and signed by me_ June 13 19 90_.
Mayor
RESOLUTION NO. -1 0
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, INDIANA COMMONLY KNOWN AS 1111 S. MAIN ST. TO BE
A ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF A 6 YEAR REAL PROPERTY TAX ABATEMENT FOR
3 -6 PROPERTIES
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 1111 S. Main St. and which is more
particularly described as follows:
Lot number Thirty Five (35), Thirty Six (36), and Thirty
Seven (37) of the Recorded Plat of Stull "s First Addition to
the City of South Bend
as an Economic Revitaliziation 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 six (6) 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 5-- I N' qQ
NOT APPROVED
ADOPTED 4o ( I " 4 0
Member cf the mmon C cil --
in Clerk's Office
tv _ f 91990
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