HomeMy WebLinkAboutConfirming Tax Abatement - East Race Villa's 109 N. Hill (3 Year Real Property)NRE§79_kUTION
Passed by the Common Council of the City of South Bend,
May 14, 90
la- City Clerk
Attest: ��1ivvL/L Yl �s / / %-�_ _President of Common Council.
Presented by me to the Mayor of the City of South Bend, I
May 15, 90
Approved and signed by me
9
May 16
• 1
City Clerk
Mayor
RESOLUTION NO.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH
BEND, INDIANA COMMONLY KNOWN AS 109 N. HILL, SOUTH BEND,
INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF
A (3) YEAR REAL PROPERTY TAX ABATEMENT FOR
EAST RACE VILLA'S
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 109 N. Hill Street, South Bend, Indiana,
and which is more particularly described as follows:
Parcels No_ E9_89 and E9_8b
The South Half (1/2) of Lot Numbered One Hundred (100)
as shown in the Original Plat of the Town of Lowell, now a
part of the City of South Bend, St. Joseph County, Indiana,
as shown in Plat Book J, page 455.
and
Lot Numbered One Hundred One (101) and a lot or parcel
of land 3 feet in width, North and South, and taken off of
the entire length of the North side of Lot Numbered One
Hundred Two (102) all in the Original Plat of the Town of
Lowell, now a part of the City of South Bend, St. Joseph
County, Indiana, as shown in Plat Book J, page 455.
and
The North One -half (1/2) of Lot Numbered One Hundred
(100) as shown on the Original Plat of the Town of Lowell,
now a part of the City of South Bend.
Subject to all covenants, conditions, restrictions,
easements and reservations of record, and to zoning
ordinances.
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 purpose 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 three (3) years.
SECTION III. This Resolution shall be in full force and
effective fr tion by the common Council
and approval I Al Of in VOWS Office
PRESENTED S'Iy -Q0 MAY 91gy0
M ber of the
NOT APPROVED
irccnc GRMMUn G
ADOP' -D CITY CLERK, S0. BEND, IN.