Designating Tax Abatement - 105 North Niles Ave. - Niles/ Washington LP f/b/o AM General

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RESOLUTION NO. ~ ~O3 ~ "~ SO 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 105 NORTH NILES AVENUE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN (8) EIGHT-YEAR REAL PROPERTY TAX ABATEMENT FOR NILES/WASHINGTON LP f/b/o AM GENERAL WHEREAS, a petition for real property tax abatement 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 105 North Niles Avenue, South Bend, Indiana, and which is more particularly described as follows: Parcel E3-3 and E3-4U. Apart of Lots Numbered Forty-three (43), Forty-four (44), Forty-five (45), Forty-six (46), Forty-seven (47) and Forty-eight (48) of the Original Plat of the Town of Lowell, now a part of the City of South Bend, together with that portion of the vacated 14-foot alley lying between Lots 45 and 46, said tract being more particularly described as follows: Beginning at a point 11.00 feet West of the Northeast corner of Lot 43 in said plat; thence South 00°06'00" West, parallel and 11 feet West of said West line of Niles Avenues, 409.94 feet to a point on the South line of Lot 48 in said plat, 11.00 feet West of the Southeast corner thereof; thence North 89°45'24" West, along said South line, 118.15 feet; thence North 00°04'38" East, 211.66 feet to a point on the South line of Lot 45 in said Plat; thence South 89°56'31" East, 29.29 feet; thence North 00°05'44" East. 198.04 feet to a point on the North line of Lot 43 in said Plat; thence South 89°54'00" East, along said North line, 89.00 feet to the place of beginning. Also, a parcel of land being a part of Lots 43 through 48 and the adjacent vacated 14-foot alley all in the Original Town of Lowell, now City of South Bend, Indiana, and being more particularly described as follows: Beginning at the Northeast Corner of said Lot 43; thence South 0°06'00" West (bearing assumed) along the West right-of--way line of Niles Avenue, a measured distance of 409.94 feet to the Southeast Corner of said Lot 48; thence North 89°45'24" West along the North right-of--way line of Washington Street, a measured distance of 11.00 feet; thence North 0°06'00" East parallel with said West right-of--way of Niles Avenue, a measured distance of 409.91 feet to the South right-of- way line of Colfax Avenue; thence South 89°54'00" East along said South right-of--way, a measured distance of 11.00 feet to the place of beginning containing 4,509 square feet, more or less. Subject to any easements, covenants, or restrictions of record.