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<br />SECTION IV. That the Common Council hereby accepts the report and
<br />recommendation of the Human Resources and Economic Development Committee that the
<br />area herein described be designated an Economic Revitalization Area and hereby
<br />adopts a resolution designating this area as an Economic Revitalization Area for
<br />purposes of real property tax abatement.
<br />SECTION V. That the designation as an Economic Revitalization Area shall be
<br />limited to two (2) calendar years from the date of the adoption of this resolution
<br />by the Common Council.
<br />SECTION VI. That the Common Council hereby determines that the property owner
<br />is qualified for and is granted property tax deduction for a period of six years.
<br />SECTION VII. This resolution shall be in full force and effect from and after
<br />its adoption by the Common Council and approval by the Mayor.
<br />/s /Joseph T. Serge
<br />Member of the Common Council
<br />RESOLUTION NO. 1567 -87 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY
<br />RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF
<br />SOUTH BEND COMMONLY KNOWN AS MONROE PARK DISPOSITION
<br />PARCEL NO. M2 -8, TO BE AN ECONOMIC REVITALIZATION AREA
<br />FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT.
<br />WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory
<br />Resolution designating certain areas within the City as Economic Revitalization
<br />Areas for the purpose of tax abatement consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as Monroe
<br />Park Disposition Parcel No. M2 -8, and which is more particularly described as
<br />follows:
<br />A parcel of land being Lots 5, 6, 7 and 8, and the East half of a vacated
<br />11- foot -wide alley lying West of and adjacent to said Lots 6, 7, 8, all in Moses
<br />Stern's Subdivision of parts of Lots 19 and 20, Denniston and Fellows Addition,
<br />South Bend, Indiana, and being more particularly described as follows, viz:
<br />Beginning at a point on the West right -of -way line of Fellows Street (60 feet
<br />wide), said point being South 01- 02120" East a measured distance of 147.65
<br />feet from the intersection of said West line with the South Right -of -way line of
<br />Monroe Street (82.5 feet wide), said point being the Northeast corner of Lot 5
<br />in said Moses Stern's Subdivision; thence South 00- 01120" East, along the West
<br />line of said Fellows Street, being also the East line of Lots 5, 6, 7 and 8 in
<br />said subdivision, a measured distance of 117.52 feet to the Southeast corner of
<br />said Lot 8; thence North 890- 55' -40" West, along the South line of said Lot 8
<br />and said South line projected, a measured distance of 137.28 feet to the
<br />centerline of an 11- foot -wide alley; thence North 00- 02' -49" East, along said
<br />centerline and 5.50 feet West of the West line of said Lots 8, 7, and 6, a
<br />measured distance of 85.37 feet to the North line of said Lot 6, projected West;
<br />thence South 890- 55' -56" East, along said projected line, a distance of 5.50
<br />feet to the Northwest corner of said Lot 6; thence North 00- 02' -49" East,
<br />along a West line of said Lot 5, a measured distance of 10.04 feet to a
<br />Northwesterly corner of said Lot 5; thence South 890- 57' -42" East, along a
<br />North line of said Lot 5, thence South 890- 57' -42" East along a North line of
<br />said Lot 5, a measured distance of 19.35 feet; thence North 00- 02' -16" West,
<br />along a West line of said Lot 5, a measured distance of 22.10 feet to a
<br />Northwesterly corner of said Lot 5; thence South 890- 55' -38" East, along the
<br />most Northerly line of said Lot 5, a measured distance 112.29 feet to the point
<br />of beginning.
<br />as an Economic Revitalization Area; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public
<br />hearing before the Council has been published pursuant to Indiana Code
<br />6 -1.1- 12.1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all
<br />remonstrances and objections from interested persons; and
<br />WHEREAS, the Council has determined that the qualifications for an economic
<br />revitalization area have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the city of South Bend,
<br />Indiana, as follows:
<br />SECTION I. That the Common Council hereby confirms its Declaratory Resolution
<br />designating the area described herein as an Economic Revitalization Area for the
<br />purposes of tax abatement. Such designation is for real property tax abatement only
<br />and is limited to two (2) calendar years from the date of adoption of the
<br />Declaratory Resolution by the Common Council.
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