No. 0986 expanding boundaries of Studebaker Corridor Development Area, expanding allocation area for purposes of TIF and amending the Studebaker Corridor Development Area Development Plan

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I. HISTORICAL PERSPECTIVE The Studebaker Corridor Development Area is bounded, generally, by the Conrail (i.e., formerly Penn Central) tracks on the north, the north /south alley between Main and Michigan Streets on the east, Indiana Avenue and Cotter Streets on the south, and Prairie Avenue on the west (see Map A). It's exact boundaries are as follows: A parcel of land being a part of the City of South Bend, Portage Township, St. Joseph County, Indiana and being more particularly described as follows: Beginning at the point of intersection of the centerline of Prairie Avenue and the Northerly right -of -way line of the New York Central Railroad; thence South 82'11102" East, 101.40 feet; thence South 86'50151" East, 879.41 feet to a point on the West right -of -way line of Lafayette Street; thence South 87'31130" East, 82.59 feet to a point on the East right -of -way line of said street; thence South 83'11'17" East, 166.36 feet to the Southeast corner of Lot Number 29 in the Recorded Plat of "Martin & Tutt's Addition to the city of South Bend" as recorded in the records of said county; thence South 89'53120" East, 179.12 feet to the Southeast corner of Lot 20 in said plat; thence South 56'18116" East, 119.30 feet to the Southwest corner of Lot number 12 in said plat; thence South 89'51146" East, along the line between Lots numbered 12 and 13 in said plat extended, 394.00 feet to the centerline of Michigan Street; thence South 00'03123" East along said centerline, 1393.28 feet to the centerline of Sample Street; thence North 89'54156" West along said centerline, 50.00 feet; thence South 00'00115" East along the Northerly extension of the West right -of -way line of Michigan Street and said West right -of -way line, 2636.58 feet to its intersection with the centerline of Indiana Avenue; thence South 89'34104" West along said centerline, 1242.87 feet to the centerline of Franklin Street; thence North 00'13139" East along said centerline, 467.25 feet to the centerline of the South Bend and St. Joseph Railroad; thence North 89'40141" West along said centerline, 1446.96 feet to the centerline of Kandall Street; thence North 00'20129" East along said centerline, 626.65 feet to the centerline of Cotter Street; thence North 89'24121" West along said centerline, 894.73 feet to the centerline of Prairie Avenue; thence North 28'35129" East along said centerline, 1253.48 feet and Norh 00'11'41" West, 915.49 feet and North 89'53119" East, 363.11 feet to a point of curvature; thence around a 286.48 foot radius curve to the left an arc distance of 302.26 feet to the end of a chord which bears North 59'39144" East and having a chord distance of 288.43 feet; thence continuing along said centerline North 29'26109" East, 142.63 feet and North 29'31140" East, 912.61 feet to the Point of Beginning. Containing 249.60 acres. -3- 1/10/86 Revised 4/12/91