09-27-10 Council Agenda & Packet

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RESOLUTION NO. A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1400 i~VEST RIVERSIDE DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A {5) FIVE-YEAR PERSONAL PROPERTY TAX ABATEMENT FOR STEEL WAREHOUSE C®MPANY, LLC and AFFILIATES and EQUIPMEll1T LESSORS WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 1400 West Riverside Drive, South Bend, Indiana, and which is more particularly described as follows: Beginning at the Southeast corner of the Southwest '/s of said, section 3S; thence South 89 49' S2" West (bearing assumed) along the South Iine of said section, 308.97 feet; thence North 89 SS' DO" West, I 15.24 feet; thence North 00 00' 27" Wes#, 12.00 feet to the North line of a 12 foot alley; thence North 89 55' 00" West along said North line of alley; the Bast line of Kessler Boulevard, 128.00 feet South 89 SS' 18" East of the Northeast addition to the City of South Bend recorded April 6, 1906 in the Plat Book 0, pages 30 and 31; thence South 89 5S' 18" Bast along the South line of King Street, 352.84 feet; thence North QO 00' 27" West, 194.85 feet to a point the centerline of the East and West 14 foot alley between King Street and McCartney Street produced East; thence North 00 06' 09" East, 128.81 feet; thence North 84 46' 49" East 287.05 feet to the Westerly line of Riverside Drive; thence South 16 37' 15" West along a chord subtending said Westerly line of Riverside Drive, 455.43 feet to the South line said section 35; thence North 90 00' QO" West along said South line, 15G.71 feet to the point of the beginning. Commencing at the Southeast corner of the '/a of said section 3S; thence North 00 00' 30" West (bearing assumed} along the least line of said Southwest '/a a distance of 463.14 feet to the Point of Beginning for the following described tract; thence continuing North 00 00' 30" West along said East Iine 336.00 feet to the South line of Queen Street; thence South 89 S6' 09" West along said Snuth line of Queen Street 176.60 feet, thence North 00 02' 36" last. 195.00 feet to the centerline afthe East and West 14 foot alley between Kinyon Street and Queen Street; thence South 89 S6' 09" West along said centerline of alley, 131.27 feet; thence South 00 OS' 09" West along the East lime of Lot 14S in the Third Plot of Northwest Addition recorded March 7, 1907 in Plat Book 9, page 60 in the Office of the St. 7nseph County Recorder and its Northerly and Southerly extensions, 195.00 feet to the South line of Queen Street; thence South 89 56' 09" West along Allen Street; thence South 00 OS' S 1" West along said East Iine of Allen Street, 329.87 feet to the South Iine of McCartney Street; thence South 89 58' 27" East along said South line of McCartney Street, 12.91 feet; thence South 00 06' 09" West 6.1 l feet; thence North 89 56' 09" East 308.71 feet to the Point of Beginning. and which has Tax Key Numbers 018-2110-4055 and 18-2110-4067 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et secs., and South