HomeMy WebLinkAboutConfirming Tax Abatement - 516 S. Michigan (6 Year Real Property)RESOLUTION
NO. 1588 -88
Passed by the Common Council of the City of South Bend, Indiana,
Presented by me to the Mayor of the City of South Bend, I
January 26
Approved and signed by me
�a
Clerk
of Common Council.
City Clerk
y
Mayor
RESOLUTION NO /5ya'c?0
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY
KNOWN AS 516 SOUTH MICHIGAN, 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 516 South Michigan, and which is more particularly described as
follows:
South 1/2 Lot #9 Samuel Martin's Addition
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
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) calender
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 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.
ember f the Common Council
PRESENTED i - � 5- 8 �
NOT APPROVED
ADOPTED