05-14-01 Council Meeting Minutes

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REGULAR MEETING MAY 14, 2001 for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 209 East Colfax Avenue, South Bend, Indiana, and which is more particularly described as follows: Parcel I Lot Numbered Seven (7) and the North Two - thirds of Lot Numbered Eight (8) as shown on the Original Plat of the Town of Lowell, now a part of the City of South Bend. Except any part thereof that is in the following described real estate: That part of the Northwest Quarter of Section 12, Township 37 North, Range 2 East and that part of Lots Seven (7), Eight (8), and Nine (9) in the Original Plat of the Town of Lowell, now a part of the City of South Bend as recorded in the records of St. Joseph County, Indiana. Parcel II Lot Numbered Nine (9) and the South One -third (1/3) part (being Twenty -two (22) feet in width, North and South, off of the entire length of the South side) of Lot Numbered Eight (8), all as shown on the Original Plat of the Town of Lowell, now a part of the City of South Bend. Except any part thereof that is in the following described estate: That part of the Northwest Quarter of Section 12, Township 37 North, Range 2 East and that part.of Lots Seven (7), Eight (8), and Nine (9) in the Original Plat of the Town of Lowell, now a part of the City of South Bend as recorded in the records of St. Joseph County, Indiana. and which has Key Numbers 18 -5003 -0056 and 18-5003-0058, 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. 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 two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et. sea.