08-25-08 Council Meeting Agenda & Packet

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particularly described as follows: Commencing at a brass plug at the center of said Section 33; thence South 90 °00'00" West on and along the North line of said Southwest Quarter of Section 33 a distance of 679.78 feet; thence South 00 °42'05" West a distance of 9.01 feet to an iron at the Southwest corner of Progress Drive and Maplewood Avenue, said point being the true place of beginning; thence South 90 °00'00" West on and along the South line of said Progress Drive, a distance of 450.98 feet to an iron on the East line of Commerce Drive; thence South 00 °29'21" East on and along the East line of Commerce Drive, a distance of 403.15 feet to an iron; thence North 89 °30'39" East a distance of 442.55 feet to an iron on the West line of Maplewood Avenue; thence North 00 °42'05" East on and along the West line of Maplewood Avenue a distance of 399.39 feet to the place of beginning. Said tract being Lot Numbered 22 of the Airport Industrial Park Phase 2. ALSO, a portion of Maplewood Avenue vacated by the City of South Bend, Indiana, pursuant to Vacation Resolution No. 3466 (1977), which portion is more particularly described as follows: A portion of Maplewood Avenue, beginning at the South right -of -way line of Progress Drive and the East right -of -way line of Maplewood Avenue, South 345 feet to the Southwest corner of Lot 27 in Post Place Addition; thence West 50 feet; thence North 345 feet; thence East 50 feet to the place of beginning; and which has Key Numbers .18- 2183 - 688604, 18- 2183 -6832, 18 -2183 -6834, 18- 2183 -6838, 18- 2183 -6840, 18- 2183 -6842, 18- 2183 -6844 and 18- 2183 - 688607, as an Economic Revitalization Area; 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 WHEREAS, the Council held a public hearing for purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Personal property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council.