5066-24 Reconfirming Resolution: Real Property Tax Abatement for SBCC RE LLC and SBCC Development Corp

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BILL NO. 24-03 RESOLUTION NO. 5066-24 A RESOLUTION MODIFYING AND RECONFIRMING THE ADOPTION OF DECLARATORY RESOLUTION NO. 4827-19 DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 7102 Lincoln Way West, South Bend, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX -YEAR (6) REAL PROPERTY TAX ABATEMENT FOR SBCC RE LLC and SBCC Development Corp. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, Declaratory Resolution No. 4827-19 designated the areas described as: PART OF THE SOUTH HALF OF SECTION 30 AND PART OF THE NORTH HALF OF SECTION 31, ALL IN TOWNSHIP 38 NORTH RANGE 2 EAST GERMAN TOWNSHIP CITY OF SOUTH BEND, ST JOSEPH COUNTY, INDIANA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION 31; THENCE NORTH 0 DEGREES 06 MINUTES 42 SECONDS EAST ALONG THE WEST LINE OF THE SAID EAST HALF A DISTANCE OF 119.58 FEET TO THE SOUTHRIGHT OF WAY LINE OF US HIGHWAY 20 AND BEING THE POINT OF BEGINNING; THENCE ALONG THE SOUTHERLY RIGHT OF WAY LINE OF US HIGHWAY 20 THE FOLLOWING FOUR COURSES: SOUTH 61 DEGREES 09 MINUTES 12 SECONDS EASTA DISTANCE OF 119.03 FEET, SOUTH 60 DEGREES 59 MINUTES 44 SECONDS EAST A DISTANCE OF 20.03 FEET, NORTH 30 DEGREES 44 MINUTES 00 SECONDS EAST A DISTANCE OF 60.00 FEET, THENCE SOUTH 54 DEGREES 57 MINUTES 57 SECONDS EAST A DISTANCE OF 639.40 FEET; THENCE SOUTH 58 DEGREES 07 MINUTES 33 SECONDS WEST A DISTANCE OF 79.21 FEET; THENCE SOUTH 66 DEGREES 37 MINUTES 15 SECONDS WEST A DISTANCE OF 660.43 FEET; THENCE SOUTH 01 DEGREES 15 MINUTES 45 SECONDS EAST A DISTANCE OF 372.18 FEET; THENCE NORTH 89 DEGREES 26 MINUTES 45 SECONDS WEST DISTANCE OF 561.08 FEET TO THE EAST LINE OF LAND CONVEYED TO THOMAS H. KOSEL AND ROSEMARY J. BELL, CO -TRUSTEES OF THE BELL-KOSEL FAMILY 2016 REVOCABLE TRUST, AS DESCRIBED IN INSTRUMENT NUMBER 1622300, ST. JOSEPH COUNTY RECORDER; THENCE NORTH 00 DEGREES 51 MINUTES 53 SECONDS EAST ALONG SAID EAST LINE A DISTANCE OF 205.82 FEET; THENCE CONTINUING ALONG SAID EAST LINE NORTH 00 DEGREES 06 MINUTES 26 SECONDS WEST A DISTANCE OF 387.77 FEET TO THE SOUTHWEST CORNER OF LOT 2, AS SAID LOT IS KNOWN AND DESIGNATED ON THE PLAT OF KELLER AND HALL MINOR SUBDIVISION, INSTRUMENT NUMBER 9950876, ST. JOSEPH COUNTY RECORDER; THENCE SOUTH 89 DEGREES 33 MINUTES 41 SECONDS EAST ALONG THE SOUTH LINE OF SAID LOT 2 A DISTANCE OF 249.58 FEET TO THE SOUTHEAST CORNER OF SAID LOT 2; THENCE NORTH 00 DEGREES 05 MINUTES 12 SECONDS EAST ALONG THE EAST LINE OF SAID LOT 2, A DISTANCE OF 311.58 FEET; THENCE SOUTH 75 DEGREES 42 MINUTES 37 SECONDS EAST A DISTANCE OF 229.82 FEET; THENCE NORTH 13 DEGREES 51 MINUTES 50 SECONDS EAST A DISTANCE OF 225.00 FEET TO SAID SOUTHRIGHT OF WAY OF USHIGHWAY 20; THENCE SOUTH