Designating Tax Abatement - Lock Joint Tube 1217 S. Walnut (5 Yr. Personal Property)

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RESOLUTION NO. 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 1217 S. WALNUT STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR LOCK JOINT TUBE, LLC 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 1217 S. Walnut Street, South Bend, Indiana, and which is more particularly described as: A tract of land in the City of South Bend, County of St. Joseph, and State of Indiana, situated in the Northwest Quarter of Section 14, and the Northeast Quarter of Section 15, Township 37 North, Range Two (2) East, bounded by the following described line: Beginning at a point in the West line of Walnut Street, 1239.70 feet South of the South line of Sample Street, which point is 587.95 feet South of the South line of the Sanders and Egbert Tract, as conveyed by deeds recorded in Deed Record 118, page 428, and Deed Record 121, page 320; thence on an assumed bearing of South 00 °00'49" East along said West line of Walnut Street 479.91 feet; thence South 89 °54'12" West, 725.03 feet; thence South 61'54'12" West, 42.91 feet; thence South 89 °23'32" West, 437.13 feet; thence North 00 °00'49" West parallel with said West line of Walnut Street, 504.26 feet; thence North 89 °55'05" East, 1200 feet to the place of beginning. and which has Key Number 018- 8021 - 084503 a/k/a 71- 08 -15- 276 - 003.000 -026, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1 -12.1 et seq.. and South Bend Municipal Code Sections 2 -76 et SeMc ., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et M., and South Bend Municipal Code Sections 2 -76, et Se Mc ., and has further prepared maps and plats showing the boundaries and such other