Designating Tax Abatement - 4747 W. Cleveland Road - PEI Genesis, Inc

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RESOLUTION NO. 3 ~~ ~ - ~ ~ 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 4747 WEST CLEVELAND ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PEI GENESIS, INC. 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 4747 West Cleveland Road., South Bend, Indiana, and which is more particularly described as follows: Commencing from the East Quarter of said Section 20, said point being approximately 68.62 feet South of the South right-of--way of Indiana East/West Toll Road (300' total R/VV) thence North O1 °04' 10" West along the East line of the Northeast Quarter of Section 20, 704.03 feet to the point of beginning of this description; (note: The bearing for this description was derived from the recorded documents from the Right-of--Way undertaking); thence North 77°34'00" West, along the North right-of--way of Cleveland Road 1346.24 feet; thence North 00°38'36" West, 629.12 feet to the South line of the Plat of Clarence A. Gregory's High Meadows Estates Subdivision; thence North 89°37' 14" East along the South line of the Plat of Clarence A. Gregory's High Meadows Estates Subdivision and Hartman DeMaegt Subdivision, as recorded under Book 21, page H4 and Book 27, page H respectively; 1304.45 feet to the East line of the Northeast Quarter of said Section 20; thence continuing along the South boundary of Hartmen DeMaegt Subdivision on a bearing of North 89°37' 14" East, 80.5 feet to a point on a line West 80.5 feet of the West Half of the Northwest Quarter of said Section 21; thence South O1 °04' 10" East, 946.09 feet to a point on the North line of Cleveland Road; thence continuing along the said North line of Cleveland Road on a bearing of North 77°34'00" West, 82.79 feet to the point of beginning,. and which has Key Number 25-1012-0199.37 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seg., and South Bend Municipal Code Sections 2-76 et seq., and;