Designating Tax Abatement - Ceol Mor Properties LLC 1047 Lincoln Way East (3 Yr. Real Property)

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RESOLUTION NO. '� L- — ( 3 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 1047 Lincoln Way East AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR CEOL MOR PROPERTIES, LLC WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area located at 1047 Lincoln Way East which is more particularly described as: Parcel 1 : Lots G Two (G -2), F Two (F -2) and E Two (E -2) as shown on the recorded Plat of Wenger and Krieghbaum's Vistula Avenue Addition, more fully described as beginning on the West edge of the -St. Joseph River on the line between lots "G -2" and "H -2" as shown on the recorded Plat of Wenger and Krieghbaum's Vistula Avenue Addition: thence Southwest on the line between said "Lots "G -2" and "H -2" to Lincoln Way East; thence Northwest on the Easterly line of Lincoln Way East 136.7 feet; thence Northeast parallel to the line between said Lots "G -2" and "H -2" 30 feet; thence Northwest parallel to Lincoln Way East 50 feet; thence Northeast parallel to the line between said Lots "G -2" and "H -2 ", to the St. Joseph River, thence Southeast along said river to the place of beginning. Parcel Ik Lots H Two (H -2) and I Two (1 -2) as shown on the recorded Plat of Wenger and Krieghbaum's Vistula Avenue Addition to the City of South Bend recorded November 17, 1908 in Plat Book 9, page 100 in the Office of the Recorder of Saint Joseph County, Indiana. And which has Key Numbers 018- 7017 -0684, 018- 7017 -0682; and 018 - 7017 -0680 presently at this point in time, 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 seq., and; WHEREAS, petitioner has agreed to and has accepted responsibility to report any changes in the final legal description and to report the final, appropriate Key Number to the Department of Community Investment and to the Office of the City Clerk; and WHEREAS, the Department of Community Investment 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