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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 three (3) 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. 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/ Roland Kelly_ <br />Member of the Common Council <br />A public hearing was held on the resolution at this time. <br />Council Member Coleman made a motion to accept the substitute <br />bill on file with the City Clerk, seconded by Council Member <br />Zakrzewski. The motion carried. Council Member Coleman reported <br />that the Community and Economic Development Committee had met on <br />the resolution and recommended it to the Council favorable. Al <br />Scott, a partner in APS, made the presentation for the <br />resolution. He indicated the purpose of this abatement was to <br />add a 8,000 square foot addition to the existing building and <br />remodel Sergio Pools & Spas and First Response Construction, at a <br />cost of approximately $100,000. Council Member Coleman made a <br />motion to adopt the resolution, as amended, seconded by Council <br />Member Hosinski. The resolution was adopted by a roll call vote <br />of eight ayes. <br />RESOLUTION NO. 2425 -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 1137 S. LAFAYETTE <br />BLVD., AN ECONOMIC REVITALIZATION AREA <br />FOR PURPOSES OF PERSONAL PROPERTY TAX <br />ABATEMENT FOR EXACTO, INC. OF SOUTH <br />BEND. <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 1137 S. <br />Lafayette Blvd., South Bend, Indiana, and which is more <br />particularly described as follows: <br />Beginning at the SW corner of Lot 7, Stull's Second Edition; <br />Thence N along E right -of -way of an alley a distance of <br />336.06 feet + or - to a point; said point being the NW <br />corner of the S of Lot 64, South Bend City Edition; thence <br />E along the northern boundary of said h of Lot 64 which is <br />on the western right -of -way of Lafayette Blvd.; thence, S a <br />distance of 275 feet + or - to the SE corner of Lot 6, <br />Stull's Second Edition; Thence, W a distance of 125 feet to <br />a point; thence, S 66 feet to a point; thence, W 40 feet to <br />a point of beginning. All being within the City of South <br />Bend, County of St. Joseph, State of Indiana. <br />and this property has Key Numbers 18 8006 0288, 18 8002 0115, 18 <br />8006 0282, 18 8006 028201, 18 8006 0285, 18 8006 028501, 18 8002 <br />