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REGULAR MEETING APRIL 22, 2002 <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating <br />the area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is limited to two (2) calendar years <br />from the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified <br />for and is granted Real property tax deduction for a period of six (6) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend <br />and Indiana Code 6- 1.1 -12 et. se q. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approved by the Mayor. <br />s /Karen White <br />Member of the Common Council <br />Mr. John Peddycord, 300 North Michigan Street, South Bend, Indiana, made the presentation for <br />this Resolution. <br />Mr. Peddycord stated that he does not have anything to add to his presentation other than to request <br />that the Council adopt this confirming Resolution. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in opposition to this <br />Resolution, Councilmember Coleman made a motion to adopt this Resolution. Councilmember <br />Ujdak seconded the motion which carried and the Resolution was adopted by a roll call vote of eight <br />(8) ayes. <br />RESOLUTION NO. 3084 -02 A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, <br />INDIANA, COMMONLY KNOWN AS 735 LINCOLN <br />WAY WEST TO BE AN ECONOMIC REVITALIZATION <br />AREA FOR PURPOSES OF A TEN (10) YEAR REAL <br />PROPERTY TAX ABATEMENT FOR SOUTH BEND <br />HERITAGE FOUNDATION (TEACHERS CREDIT <br />UNION) <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br />Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas <br />for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as 735 Lincoln <br />Way West, South Bend, Indiana, and which is more particularly described as follows: <br />Parcel #I Lot Number One (1) as shown on the recorded Plat of Kent <br />and Garrison's Subdivision of Out Lot One (1) of Hendrick's and <br />Grant Addition to the town. <br />Parcel #2 Lots Numbered Eighteen (18) and Twenty -three (23) as <br />shown on the recorded Plat of James D. Kent's Subdivision of Bank <br />Out Lot Numbered One Hundred Fourteen (114), taken off of and <br />from the South Side of Bank Out Lot Numbered One Hundred <br />-7- <br />