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REGULAR MEETING <br />MAY 28, 1996 <br />the proposed described redevelopment or rehabilitation can be <br />reasonably expected to yield benefits identified in the Statement <br />of Benefits set forth as Sections I through II of the Petition <br />for Real Property Tax Abatement Consideration and that the <br />Statement of Benefits form prescribed by the State Board of <br />Accounts are sufficient to justify the deduction granted under <br />Indiana Code 6 -1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby accepts the report and <br />recommendation of the Human Resources and Economic Development <br />Committee that the area herein described be designated an <br />Economic Revitalization Area and hereby adopts a Resolution <br />designating this area as an Economic Revitalization Area for <br />purposes of real property tax abatement. <br />SECTION V. The designation as an Economic Revitalization Area <br />shall be limited to two (2) calendar years from the date of the <br />adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the <br />property owner is qualified for and is granted property tax <br />deduction for a period of ten (10) years. <br />SECTION VII. The Common Council directs the City Clerk to cause <br />notice of the adoption of this Declaratory Resolution for Real <br />Property Tax Abatement to be published pursuant to Indiana Code <br />5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing <br />notice of the public hearing before the Common Council on the <br />proposed confirming of said declaration. <br />SECTION VIII. <br />from and after <br />the Mayor. <br />Council Member <br />this resolutio: <br />Council Member <br />This Resolut <br />its adoption <br />Coleman made <br />a, as well as <br />Zakrzewski. <br />Lon shall be in full force and effect <br />by the Common Council and approval by <br />/s/ Roland Kelly <br />Member of the Common Council <br />a motion to combine public hearing on <br />the next resolution, seconded by <br />The motion carried. <br />RESOLUTION NO. 2359 -96 A RESOLUTION OF THE COMMON COUNCIL OF <br />THE CITY OF SOUTH BEND DESIGNATING <br />CERTAIN AREAS WITHIN THE CITY OF SOUTH <br />BEND COMMONLY KNOWN AS 2722 TUCKER, AN <br />ECONOMIC REVITALIZATION AREA FOR <br />PURPOSES OF PERSONAL PROPERTY TAX <br />ABATEMENT FOR STEEL WAREHOUSE CO., INC. <br />WHEREAS, a petition for personal property tax abatement <br />consideration has been filed with the Common Council of the City <br />of South Bend, requesting that the area commonly known as 2722 <br />Tucker, South Bend, Indiana, and which is more particularly <br />described as follows: <br />A part of the South h of the North west 1/4 of Section 15, <br />Township 37 North, Range 2 East in the City of South Bend, St. <br />Joseph County, Indiana, as described as follows: <br />Beginning at a point on the East line of the Southwest 1/4 <br />of the Northwest 1/4 of said Section 15, 580.64 feet South <br />of the Northeast corner of said Southwest 1/4 of the <br />Northwest 1/4, said point being 172.0 feet North of the <br />North right of way line of Indiana Northern Railway Company; <br />thence Westerly parallel with said North right of way line <br />565 feet to the Southwest corner of a tract of land conveyed <br />to Stanley Enterprises, Inc. By a deed recorded October 16, <br />1973 in Deed Record 777, page 226; thence North along the <br />