HomeMy WebLinkAboutDesignating Tax Abatement - 516 S. Michigan St. (6 Year Real Property) RESOLUTION
NO. 1524-87
Passed by the Common Council of the City of South Bend, Indiana,
July 22,_19 87.
Attest: `° l 9 City Clerk
Attest. e!aZ_�i9/i�/ ��./ , �/ — President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
July 28, 19 87
o—' City Clerk
Approved and signed by me atirtj Z ', 19 IT.
N'Ll/' Mayor
r �� �
RESOLUTION NO. 1524-87
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 516 SOUTH
MICHIGAN ST. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL
PROPERTY TAX ABATEMENT.
WHEREAS, a petition for real property tax abatement consideration has
been filed with the Common Council of the City of South Bend, requesting
that the area commonly known as 516 South Michigan St. , South Bend,
Indiana, and which is more particularly described by a line drawn as
follows:
South 1/2 Lot #9 Samuel Martin' s Addition
be designated as an Economic Revitalization Area under the provisions of
Indiana Code 6-1.1-12.1-1, et seq. ; and
WHEREAS, the Redevelopment Commission has concluded an investigation
and prepared a report with information sufficient for the Common Council
to determine that the area qualifies as an Economic Revitalization Area
under Indiana Code 6-1.1-12.1-1, et seq. , and has further prepared maps
and plats showing the boundaries and such other information as required by
law of the area in questions; and
WHEREAS, the Human Resources and Economic Development Committee of the
Common Council has reviewed said report and recommended to the Common
Council that the area qualifies as an Economic Revitalization Area.
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 accepts the report and
recommendation of the Human Resources and Economic Development Committee
that the area herein described be designated an Economic Revitalization
Area and hereby adopts a resolution designating this area as an Economic
Revitalization Area for purposes of real property tax abatement.
SECTION II. That this designation shall be limited to two ( 2)
calendar years from the date of the adoption of this resolution by the
Common Council.
SECTION III. That the Common Council directs the City Clerk to cause
notice of the adoption of this resolution to be published, said
publication providing notice of the public hearing before the Common
Council on said declaration.
SECTION IV. The abatement deduction shall be for six (6) years. This
determination is made under the authority of I.C. 6-1.1-12.1-3
SECTION V. This resolution shall be in full force and effect from and
after its adoption by the Common Council and approval by the Mayor.
/
/..!._. L.1 I - \tid /
I Me '-r of the Co Council
PRESENTED ✓ .) 7-g 7
NOT APPROVED (f
ADOPTED, 7- (27-87, 0...0 Oar t-e--7, Ot