HomeMy WebLinkAboutDesignating Tax Abatement - 2901 S. Main (5 Year Personal Property) RESOLUTION
NO. 1468-87
Passed by the Common Council of the City of South Bend, Indiana,
February 9 , 19 87 .
Attest: j `-c
City Clerk
Attest a .A��p President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 10, 19 87
City Clerk
Approved and signed by me b2U,Q2Y IC 19 2 / .
Mayor
RESOLUTION NO. jy(s— Fs 7
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 2901 S.
MAIN AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY
TAX ABATEMENT.
WHEREAS, a petition for personal property tax abatement consideration
has been filed with the Common Council of the City of South Bend,
requesting that the area commonly known as 2901 S. Main, South Bend,
Indiana, and which is more particularly described by a line drawn as
follows:
Lots 84 through 96, both inclusive Oakside 3rd addition to the city of
South Bend.
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 personal property tax abatement.
SECTION II. That this designation shall be limited to five (5 )
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. This resolution shall be in full force and effect from
and after its adoption by the Common Council and approval by the Mayor.
l ' .%I / �� �1 -
ember/• the Common C J%ncil
PRESENTED O°Z- 9- 9' 7
NOT APPROVED
ADOPTED oJ- 9- 1 7