08-11-97 Council Meeting Minutes

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REGULAR MINUTES AUGUST 11, 1997 adopt the resolution, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. Council Member Coleman made a motion to combine public hearing on the next two resolutions, seconded by Council Member Varner. The motion carried. RESOLUTION NO. 2495 -97 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR STEEL WAREHOUSE CO., INC. 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, a Declaratory Resolution designated the area commonly known as 2722 Tucker Dr., and which is more particularly described as follows: Beginning at a point on the east line of the southwest 1/4 of the northwest 1/4 of said Section 15, 580.64 feet south of the northeast corner of said southwest 1/4 of the northwest 1/4, said point being 172.0 feet north of the north right of way line of the Indiana Northern Railway Company, thence westerly parallel with said north right -of -way line 565 feet to the southwest corner of a tract of land conveyed to Stanley Enterprises, Inc. By a deed recorded October 16, 1993 in Deed Record 777, page 226; thence north along the west line of said Stanley Enterprises, Inc. tract, said line being parallel with the est line of said southwest 1/4 of the northwest 1/4, 323.0 feet to the south line of Tucker Drive; thence West along the South line of Tucker Drive 214.93 feet; thence south parallel with said east line of the southwest 1/4 of the northwest 1/4, 495.90 feet to the north right -of -way line of the Indiana Northern Railway Company; thence easterly along said north right -of -way line, 860.23 feet to the west edge of Steel Warehouse Co. Inc.'s building; thence north along said west edge of building, 172.0 feet; thence westerly parallel with the north right -of -way line of the Indiana Northern Railway Company, 79.3 feet to the point of beginning, containing 5.0 acres, more or less. A part of the southwest quarter of the northwest quarter of Section 15, Township 37 north, range 2 east in the City of South Bend, Indiana, more particularly described as follows: Beginning at a point 260 feet south and 25 feet west of the northeast corner of said southwest quarter of the northwest quarter, thence west 540 feet; thence south parallel with the east line of said southwest quarter of the northwest quarter, 324.25 feet to a point 172 feet north of the north line of the right of way of the Indiana Northern Railway Company; thence east parallel with said north line of said right -of -way, 540 feet; thence north parallel with the east line of said southwest quarter of the northwest quarter, 320.75 feet to the place of beginning. A tract of land in the west half (1/2) of the northwest quarter (1/4) of Section Fifteen (15), Township Thirty -seven (37) north, range two east, now within and a part of the City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Beginning at the center of the northwest quarter (1/4) of said Section Fifteen (15) thence south along the north and south center line of said quarter section two hundred twenty feet to