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

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RESOLUTION NO. 4 2 -7 � —J A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1047 Lincoln Way East AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE 3 YEAR REAL PROPERTY TAX ABATEMENT FOR CEOL MOR PROPERTIES, LLC 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 located at 1047 Lincoln Way East and which is more particularly described as follows: 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 II: 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; 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, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and