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RESOLUTION NO. 3 ~' ~ ~ - ~~ <br />A RESOLUTION CONFIRMING THE ADOPTION OF A <br />DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS <br />WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY <br />KNOWN AS <br />3605 WEST CLEVELAND ROAD <br />TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF <br />A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR <br />FEDERAL MOGUL POWERTRAIN, INC. <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 />WHEREAS, a Declaratory Resolution designated the area commonly known as <br />3605 West Cleveland Road, South Bend, Indiana, and which is more particularly <br />described as follows: <br />A tract of land in part of the East half of Section 21, Township 38 North, <br />Range 2 East, 2°d P.M., St. Joseph County, Indiana, and more particularly <br />described as follows: Beginning at a point on the East-West Half section <br />line of said East Half North 88 degrees 53 minutes 36 second East 915.58 <br />feet from the center of said Section 21; thence North 0 degrees 56 minutes <br />57 seconds West 338.80 feet; thence North 88 degrees 53 minutes 36 <br />seconds East, parallel with the East-West half section line of said Section, <br />800.00 feet; thence South 0 degrees 56 minutes 57 seconds East 1726.13 <br />feet; thence northwesterly 550.14 feet along an arc to the right having a <br />radius of 4463.66 feet and subtended by a long chord having a bearing of <br />North 54 degrees 36 minutes 59 seconds West and a distance of 549.80 <br />feet; thence North 51 degrees OS minutes 08 seconds West 465.22 feet; <br />thence North 0 degrees 56 minutes 57 seconds West 761.20 feet to the <br />East-West half section line of said East half the point of beginning, and <br />containing 26.203 acres, more or less <br />and which has Key Number 25-1013-0218 as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; <br />and <br />