HomeMy WebLinkAboutConfirming Tax Abatement - Department of Redevelopment/Kieffer/Zimpelman Partnership 402-404 E. South St. (10 Year Real Property)RESOLUTION
NO. 1623 -88
Passed by the Common Council of the City of South Bend, Indiana,
Attest: i�f2- �`�'^-`z/ _ Citv Clerk
Attest
Presented by me to the Mayor of the City of South Bend, Indiana
June 28, 19 88
of Common Council.
Approved and signed by me a.(it<_,— d� 1960
t
City Clerk
Mayor
RESOLUTION N0.
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND COMMONLY KNOWN AS 402 -404 EAST SOUTH STREET,
SOUTH BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA
FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT
WHEREAS, the Common Council of the City of South Bend has adopted a
Declaratory Resolution designating certain areas within the City as Economic Re-
vitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known as
402 -404 East South Street, South Bend, Indiana, 46601, and which is more particularly
described as follows:
A parcel of land being a part of Lots One (1), Two (2), and Three (3) in the City's
subdivision of the east half (112) of Lot Twenty -Three (23) in Denniston and Fellows
Addition, South Bend, Indiana, and being more particularly described as follows:
Beginning at the southwest corner of said Lot One (1), thence north 00- 09' -37" west
along the west line of said Lot one (1), a measured distance of 99.28 feet to a point
of 16.5 feet south of the northwest corner of Lot One (1); thence south 890- 49' -40"
east, a measured distance of 90.70 feet; thence south 01- 03' -03" east, a measured
distance of 99.28 feet to the north line of a 14' -foot alley; thence north
891- 49' -46" west along the said north line a measured distance of 90.52 feet to the
place of beginning.
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. That the Common Council hereby confirms its Declaratory Resolu-
tion 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 Comon Council.
SECTION II. That 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.
PRESENTED S %-
NOT APPROVED
ADOPTED b -,; T-
M ber o -he Common Council
Filed In Clerk's Office
JUN 61918
IRENE GAMMON
CITY CLERK, $0. BEND, IN.