HomeMy WebLinkAboutConfirming Tax Abatement - Miles Dental Manufacturing Business 4315 S. Lafayette (10 Years Real Property)RESOLUTION
NO. 1718 -89
Passed by the Common Council of the City of South Bend, Indiana
April 25, 19 89
Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
April 26, 89
19
Approved and signed by me
City Clerk
Mayor
RESOLUTION NO. t � I 0 - D
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING
CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4315
S. LAFAYETTE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10)
YEAR REAL PROPERTY TAX ABATEMENT FOR RELOCATION OF MILES DENTAL MANUFACTURING
BUSINESS.
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
4315 S. Lafayette and which is more particularly described as follows:
314x628' Beg NE Cor SE 1/4 NE 1/4 4.528A Sec 26 37 2E
and
314x675.5' Beg 628'W NE Cor SE 1/4 NE 1/4 4.86AC Sec 26 37 2E
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.
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.
(Prepared 3 -3 -89)
PRESENTED q-dJr-�9
NOT APPROVED
ADOPTED
Mem a the Commo ncil
-j Multi 0 um
APR 1 9 1989
IRENE RAMMM