HomeMy WebLinkAboutDesignating Tax Abatement - 1220 S. Main (5 Year Personal Property) RESOLUTION
NO. 1446-86
Passed by the Common Council of the City of South Bend, Indiana,
October 13 , 19 86 .
Attest: �C� City Clerk
Attest: .��i i '� ,/ , L A �•i� President of Common Council.
I - -
Presented by me to the Mayor of the City of South Bend, Indiana
October 14 , 19 86
` O .c..e, • /10--r-n""`°-wi City Clerk
Approved and signed by me Cam- /4L 19 gJ .
- Mayor
RESOLUTION NO. H qi,-76
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY
OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN
THE CITY COMMONLY KNOWN AS 1220 SOUTH MAIN AN ECONOMIC
REVITAIZATION 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 120 S. Main, South Bend,
Indiana, and which is more particularly described by a line drawn as
follows:
Lots 15 and 16 Stulls 3rd Edition
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.
' 4
Member of the " .•mm- • Council
RED IN CLERK'S OFFICE
PRESENTED /0 --/3"" OCT 3 1386
NOT APPROVED IRENE GAMMON
ADOPTED /O -/s-e4 ,OTY CLERK, SO. BEND. IN