HomeMy WebLinkAboutConfirming Tax Abatement - Old Lathe Works Partnership 475 N. Niles Ave. (5 Year Real Property) RESOLUTION
No. 1313-85
Passed by the Common Council of the City of South Bend, Indiana,
July 22, 19 85
Attest: 4"" `s' K / °-J City Clerk
Attest\-L(/'2___-2 i . ` - • -sident of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
July 23, 19 85
\IA p f r City Clerk
Approved and signed by me dy a 1 19 2c� .
/ Mayor
RESOLUTION NO. t 3 - $S
A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
SOUTH BEND, COMMONLY KNOWN AS 475 N. NILES AVENUE 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 475 N. Niles Avenue and more particularly described by a line
drawn as follows :
251 feet of the East end, except 60 feet of the North side of Lot 3
and 251 feet of the East end of Lot 4 and 251 feet of the East end and
one half of the vacated alley 6 feet wide on the East side of the
Lot 12 and Lots 13 , 14 , 15 , 16 and the vacated alley between
Cottrell ' s Second 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
five ( 5 ) calendar years from the date of adoption of the Declaratory
Resolution by the Common Council .
SECTION II . This Resolution shall be in full force and effect
from and after its adoption by the Common Council and approval by the
Mayor .
141
e.er of the C.1'mon Council
FILED IN CLERK'S OFFICE
PROMO 7 a -
NOT APPROVE
JUN j 1985
ADOPTED 7-Q -effir Irene Gammon
CITY CLERK,SOUTH BEND,IND.