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REGULAR MEETING AUGUST 28, 2000
<br />A tract of land in the City of South Bend, County of St. Joseph, and
<br />State of Indiana, situated in the Northwest Quarter (1/4) of Section
<br />Fourteen (14) and the Northeast Quarter (1/4) of Section Fifteen (15),
<br />Township Thirty -Seven (37) North, Range Two (2) East, bounded by
<br />the following described line:
<br />Beginning at a point in the West line of Walnut Street, 1239.70 feet
<br />South of the South line of Sample Street, which point is 587.85 feet
<br />South of the South line of the Sanders and Egbert Tract, as conveyed
<br />by deeds recorded in Deed Record 118, page 428, and Deed Record
<br />121, page 320; thence on an assumed bearing of South 00 degrees 00
<br />minutes 49 seconds East along said West line of Walnut Street 479.91
<br />feet; thence South 89 degrees 54 minutes 12 seconds West, 725.03
<br />feet; thence South 61 degrees 54 minutes 12 seconds West, 42.91
<br />feet; thence South 89 degrees 23 minutes 32 seconds West, 437.13
<br />feet; thence North 00 degrees 00 minutes 49 seconds West parallel
<br />with said West line of Walnut Street, 504.26 feet; thence North 89
<br />degrees 55 minutes 05 seconds East, 1200 feet to the place of
<br />beginning.
<br />Subject to legal highways.
<br />Subject to any and all easements, restrictions or rights of way of record.
<br />Subject to any and all current; non - delinquent real estate taxes.
<br />Subject to a Party Wall Agreement dated June 14, 1974, by and
<br />between Aldason Corporation, an Indiana corporation and American
<br />Chain & Cable Company, Inc., a New York corporation, recorded
<br />June 17, 1974 in the Office of the Recorder of St. Joseph County,
<br />Indiana, in Miscellaneous Record 285, pages 77 -80.
<br />Subj ect to a Permanent Easement Agreement dated June 14,1974, by
<br />and between Aldason Corporation, an Indiana corporation and
<br />American Chain & Cable Company, Inc., a New York corporation,
<br />recorded June 17, 1974 in the Office of the Recorder of St. Joseph
<br />County, Indiana, in Deed Record 787, pages 381 -388.
<br />and which has Key Number 18- 8021 - 084503, as an Economic Revitalization Area; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before
<br />the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances
<br />and objections from interested persons; and
<br />WHEREAS, the Council has determined that the qualifications for an economic revitalization
<br />area have been met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South
<br />Bend, Indiana, as follows:
<br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating
<br />the area described herein as an Economic Revitalization Area for the purposes of tax abatement.
<br />Such designation is for Personal Property tax abatement only and is limited to two (2) calendar years
<br />from the date of adoption of the Declaratory Resolution by the Common Council.
<br />SECTION II. The Common Council hereby determines that the property owner is qualified
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