Approving improvements to be made in annexed territory pursuant to annexation ordinance requiring impoundment of taxes

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Ironwood, Inwood and y • . ; Retention Basin ORDINANCE _ 5009-68 AN ORDINANCE ANNEXING TO AND BRINGING WITHIN THE CITY LIMITS OF SOUTH BEND, INDIANA CERTAIN LANDS AND PROVIDING, AFTER ANNEXATION SHALL TAKE EFFECT, THAT FOR A PERIOD OF THREE YEARS , ONE HALF (2) OF THE MUNICIPAL PROPERTY TAXES TO BE IMPOSED UPON THE ANNEXED TERRITORY SHALL BE:'IMPOUNDED AND PLACED IN A SPECIAL FUND SOLELY FOR THE BENEFIT OF THE ANNEXED TERRITORY. BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION 1 : That the following described property in St. Joseph County, State of Indiana, is hereby annexed to and brought within the City of South Bend, Indiana; Beginning at a point on the centerline of Ironwood Road and forty (40) feet East of the Southeast corner of Lot 467-A in Twyckenham Hills Section "L" Subdivision; thence North along said centerline a distance of five hundred forty-six (546) feet more or less, to a point forty (40) feet due East of the Northeast corner of Lot 472 in Twyckenham Hills Section "L" Subdivision; thence due East thirty (30) feet to the East right-of- way line of Ironwood Road; thence further due East one hundred fifty (150) feet; thence due South along a line one hundred eighty (180) feet East of and parallel to the West line of Section Twenty (20) , Township Thirty- seven North (T37N) , Range Three East (R3E) , and the West line of Section Twenty-nine (29) , Township Thirty-seven North (T37N) , Range Three East (R3E) , a distance of three thousand fifty-two and f iftl-two hundredths (3, 052 .52) feet to a point four hundred twenty and forty-two hundredths (420 .42) feet North and one hundred eighty (180) feet East of the Southeast corner of the Northeast one quarter (NE 4) of Section Thirty (30) , Township Thirty-seven North (T37N) , Range Three East (R3E) ; thence due West one hundred eighty (180) feet to the centerline of Ironwood Road; thence further due West five hundred (500) feet to the Southwest corner of the Ironwood Road Retention Basin property; thence due North a distance of four hundred twenty and forty-two hundredths (420 .42) feet to the Northwest corner of the Retention Basin property which point is also the South property line of a nine (9) acres tract now owned by Walter R. Crowel and Mabel M. Crowel; tnence due West a distance of eight hundred eighteen and sixty-eight hundredths (818 .68) feet more or less, to the one eighth (1/8) Section line which line is also the present City Limits line ; thence due North along the present City Limits line a distance of one thousand seven hundred ninety-four and fifty hundredths (1794 .50) feet more or less, to the North line of Section Thirty (30) , Township Thirty-seven North (T37N) , Range Three East (R3E) ; thence due East along the present City Limits line a distance of three hundred eighty and sixty hundredths (380 .60) feet more or less ; thence due North