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REGULAR MEETING <br />JANUARY 8, 2007 <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 />3300 North Kenmore Street, South Bend, Indiana, and which is more particularly <br />described as follows: <br />commencing at the Northeast corner of Section 28; thence South <br />89°48'05" West, 966.00 feet along the North line of said Section 28; <br />thence South 00°00'23" West 40.00 feet to the South boundary of <br />Cleveland Road; thence South 89°48'05" West, 289.0-0 feet along said <br />South boundary; thence South 44°54' 14" West, 14.17 feet to the East <br />boundary of Kenmore Street; thence South 00°00'23" West, 146.76 feet <br />along said East boundary; thence along said East boundary, Southeasterly <br />294.37 feet along an arc to the left, having a radius of 1,869.86 feet, <br />subtended by a long chord, having a bearing of South 04°30' 13" East, and <br />a length of 294.07 feet to the point of beginning of this description; thence <br />North 89°48'05" East 581.88 feet; thence South 00°00'23" West, 472.86 <br />feet; thence South 89°58'56" West, 498.99 feet to said East boundary of <br />Kenmore Street; thence North 09°59'37" West, 445.88 feet along said East <br />boundary; thence Northwesterly 31.98 feet along an arc to the right, having <br />a radius of 1,869.86 feet and subtended by a long chord, having a bearing <br />of North 09°30' 15" West, and a length of 31.98 feet to the place of <br />beginning <br />and which has Key Number 25-1010-0385.18, 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- l . l -12.1-2.5; <br />and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrance's and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of (4) four years, and <br />further determines that the petition, the Memorandum of Agreement between the <br />Petitioner and the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6-1.1-12 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />s/Timothy A. Rouse <br />Member of the Common Council <br />