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REGULAR MEETING OCTOBER 11, 2010
<br />
<br />
<br />
<br /> ABATEMENT FOR STEEL WAREHOUSE
<br /> COMPANY, LLC AND AFFILIATES AND
<br /> EQUIPMENT LESSORS
<br />
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, has
<br />adopted a Declaratory Resolution designating certain areas within the City as Economic
<br />Revitalization Areas for the purpose of tax abatement consideration; and
<br />
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as
<br />2722 West Tucker Drive, South Bend, Indiana, and which is more particularly described
<br />as follows:
<br />The following parcels of Real Estate all located in St. Joseph County, Indiana:
<br />
<br />A part of the South ½ of the Northwest ¼ of Section 15, Township 37 North, Range 2
<br />East in the City of South Bend, St. Joseph County, Indiana, described as follows:
<br />
<br />Beginning at a point on the East line of the Southwest ¼ of the Northwest ¼ of said
<br />Section 15, 580.64 feet South of the Northeast corner of said Southwest ¼ of the
<br />Northwest ¼, said point being 172.0 feet North of the North right of way line of the
<br />Indiana Northern Railway Company; thence Westerly parallel with said North right-of-
<br />way line 565 feet to the Southwest corner of a tract of land conveyed to Stanley
<br />Enterprise, Inc. By a deed recorded October 16, 1993 in Deed Record 777, page 226;
<br />thence North along the West line of said Stanley Enterprises, inc. tract, said line being
<br />parallel with the East line of said Southwest ¼ of the Northwest ¼, 323.0 feet to the
<br />South line of Tucker Drive; thence West along the South line of Tucker Drive 215.93
<br />feet; thence South parallel with said East line of the Southwest ¼ of the Northwest ¼,
<br />495.90 feet to the North right-of-way line of the Indiana Northern Railway Company;
<br />thence Easterly along said North right-of-way line, 860.23 feet to the West edge of Steel
<br />Warehouse Co. Inc. building; thence North along said West edge of building, 172.0 feet;
<br />thence Westerly parallel with the North right-of-way line of the Indiana Northern
<br />Railway Company, 79.3 feet to the point of beginning, containing 5.0 acres, more or
<br />less..
<br />A part of the Southwest Quarter of the Northwest Quarter of Section 15, Township 37
<br />North, Range 2 East in the City of South Bend, Indiana, more particularly described as
<br />follows:
<br />
<br />Beginning at a point 260 feet South and 25 feet West of the Northeast corner of said
<br />Southwest Quarter of the Northwest Quarter; thence West 540 feet; thence South parallel
<br />with the East line of said Southwest Quarter of the Northwest Quarter, 324.25 feet to a
<br />point 172 feet North of the North line of the right-of-way of the Indiana Northern
<br />Railway Company; thence East parallel with said North line of said right-of-way, 540
<br />feet; thence North parallel with the East line of said Southwest Quarter of the Northwest
<br />Quarter, 320.75 feet to the place of beginning.
<br />
<br />
<br />A tract of land in the West Half (1/2) of the Northwest Quarter (1/4) of Section Fifteen
<br />(15), Township Thirty-seven (37) North, Range Two (2) East, now within and a part of
<br />the City of South Bend, St. Joseph County, Indiana, more particularly described as
<br />follows:
<br />
<br />Beginning at the center of the Northwest Quarter (1/4) of said Section Fifteen(15); thence
<br />South along the North and South center line of said Quarter Section Two Hundred
<br />Twenty (220) feet to the North line of Tucker Drive; thence West along said North line
<br />to the West line of said Section Fifteen (15); thence North along said West line One
<br />Hundred Twenty-eight and One Tenth (128.1) feet, more or less, to a line Two Hundred
<br />Fifty (250) feet by rectangular measurement Southeasterly from said original centerline
<br />of the New York Central Railroad right-of-way; thence Northeasterly parallel to the Two
<br />Hundred Fifty (250) feet by rectangular measurement Southeasterly from said original
<br />centerline of the New York Central Railroad right-of-way, Seven Hundred Twenty-seven
<br />and One One-Hundredth (727.01) feet, more or less, to a point on the East line of the
<br />Southwest Quarter (1/4) of the Northwest quarter (1/4) of the Northwest Quarter (1/4) of
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