HomeMy WebLinkAboutConfriming Tax Abatement - One Michiana Square Associates 220 W. Colfax (10 Year Real Property) RESOLUTION
NO. 1571-87
Passed by the Common Council of the City of South Bend, Indiana,
Der'enther 21 , 19 87 .
Attest: tee_ f< Ar— -z✓ City Clerk
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Attest: taL. ltJh I `/ --- President of Common Council.
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Presented by me to the Mayor of the City of South Bend, Indiana
December 22, 19 87 .
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City Clerk
Approved and signed by me C.le`M„ . 07,2 19 g7 .
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Mayor
RESOLUTION NO. IS-7 9 - `6. 1
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN
AS 220 W. COLFAX, 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 220 W. Colfax, and which is more particularly described as follows:
Parcel I:
Lots Numbered One (1) , Two ( 2) , Seven (7 ) , Eight ( 8) , and the East
one-third ( 1/3 ) of Lot Number Four ( 4) as shown on the recorded plat
of J. C. Knoblock' s Subdivision of Lots Numbered 245 and 246 in the
Original Plat of the Town, now City, of South Bend, Indiana, recorded
in Plat Book 8, page 15 in the Office of the Recorder of St. Joseph
County, Indiana.
EXCEPTING from said Lot Number Two ( 2) the following: A strip of land
bounded by a line described as beginning at the Northwest corner of
Lot 2 in Subdivision of Lots 245 and 246 in the original plat of
South Bend, Indiana, thence running easterly on the North line of said
Lot 2 a distance of 31. 65 feet to a point that is 0. 50 feet east of
the east end of the existing Party Wall; thence south a distance of
1. 25 feet; thence westerly parallel with the North line of said Lot 2
to a point on the West line thereof, said point being 1. 25
feet south of the point of beginning; thence North on the West line of
Lot 2 along the west end of said Party Wall to the place of beginning;
said exception being the real estate described in that certain
Quit-Claim Deed dated March 21, 1986, and recorded as Instrument
8606081 in the Office of Recorder, St. Joseph County, 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 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) calander
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 ten ( 10) years.
SECTION III. The petitioner has met with the Design Review Committee
and has agreed to comply with the requirement of designating 75% of the
first floor of the project for retail use. Said condition is hereby made
a part of this abatement.
SECTION IV. This Resolution shall be in full force and effect from
and after its adoption by the Common Council and approval by the Mayor.
Memfr of the Commontuncil
Bled In Clerk's Office
PRESENTED I o!-v� 8' 7 p�DEC 161987/�p�
NOT APPROVED IRENE GAMMON
ADOPTED
n - CITY CtEPK, SD. BEND, !N.
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