HomeMy WebLinkAboutConfirming Tax Abatement -South Bend Associates LP 105 E. Jefferson Blvd. (10 Years Real Property)Attest:
RESOLUTION
NO. 1616 -88
Passed by the Common Council of the City of South Bend, Indiana,
Attest
Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
June 14, 1988
of Common Council.
City Clerk
Approved and signed by me �. xr e O 19, M.
Mayor
RESOLUTION NO. k to � b -T9
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND COMMONLY KNOWN AS 105 E. JEFFERSON BLVD., 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
Revitalization Areas for the purpose of tax abatement consideration; and
WHEREAS, a Declaratory Resolution designated the area commonly known
as 105 E. Jefferson Blvd., South Bend, Indiana and which is more particulary
described as follows:
Lot 41 and S 1/2 lot 42 O.P South Bend in the Township of South
Bend Portage and the county of St. Joseph, in the State of 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 purpose 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
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. That the common Council hereby determines that the property
owner is qualified for and is granted real property tax 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.
Membe of the Common Council