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REGULAR MEETING
<br />FEBRUARY 23, 1998
<br />WHEREAS, a Declaratory Resolution designated the area commonly
<br />known as 122 S. Michigan Street, South Bend IN, and which is
<br />particularly described as follows:
<br />26h FT. N. SIDE LOT 43 O.P. SOUTH BEND
<br />with said real estate having the following Key No. 18 3001
<br />0013.01 an Economic Revitalization Area; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and
<br />the public hearing before the Council has been published pursuant
<br />to Indiana Code 6 -1.1- 12,1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of
<br />hearing all remonstrances and objections from interested persons;
<br />and
<br />WHEREAS, the Council has determined that the qualifications for
<br />an economic revitalization area have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City
<br />of South Bend, Indiana, as follows:
<br />SECTION I. The Common Council hereby confirms its Declaratory
<br />Resolution designating the area described herein as an Economic
<br />Revitalization Area for the purposes of tax abatement. Such
<br />designation is for Real property tax abatement only and is
<br />limited to two (2) calendar years from the date of adoption of
<br />the Declaratory Resolution by the Common Council.
<br />SECTION II. The Common Council hereby determines that the
<br />property owner is qualified for and is granted Real property tax
<br />deduction for a period of ten (10) years, and further determines
<br />that the petition complies with Chapter 2, Article 6, of the
<br />Municipal Code of the City of South Bend and Indiana Code 6 -1.1-
<br />12.1 et sea.
<br />SECTION III. This Resolution shall be in full force and effect
<br />from and after its adoption by the Common Council and approval by
<br />the Mayor.
<br />/s/ Sean Coleman
<br />Member of the Common Council
<br />A public hearing was held on the resolution at this time. Mark
<br />Tarner, president of South Bend Chocolate, made the presentation
<br />for the resolution. He reported this was a six year abatement to
<br />rehabilitate the building at 122 S. Michigan for a mixed use of
<br />office and retail establishment. Council Member Hosinski made a
<br />motion to adopt this resolution, seconded by Council Member
<br />Sniadecki. The resolution was adopted by a roll call vote of
<br />nine ayes.
<br />RESOLUTION NO. 2561 -98 A RESOLUTION CONFIRMING THE ADOPTION OF
<br />A DECLARATORY RESOLUTION DESIGNATING
<br />CERTAIN AREAS WITHIN THE CITY OF SOUTH
<br />BEND, INDIANA, COMMONLY KNOWN AS LOTS
<br />47, 52, 53, 86, 92, 93, 94, 95, 101,
<br />105, 108, 114, 115, 116, 117, 118, 119,
<br />120, 122, 123, 126, 127, 128, 129, 131,
<br />132, 133, 134, 135, 136, 137, 138, 139,
<br />140, 142, 143, 145, 146, 147, 148, & 150
<br />HERMITAGE SOUTH ESTATES, SECTION THREE
<br />RESIDENTIALLY DISTRESSED AREAS FOR
<br />PURPOSES OF A FIVE (5) YEAR REAL
<br />PROPERTY RESIDENTIAL TAX ABATEMENT FOR
<br />ROJO DEVELOPMENT, INC.
<br />WHEREAS, the Common Council of the City of South Bend, Indiana,
<br />has adopted a Declaratory Resolution designating certain areas
<br />within the City as Residentially Distressed Areas for the purpose
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