Designating Tax Abatement - Requesting a Special Exception - University of Notre Dame DU LAC, and Innovation Park at Notre Dame, Inc

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RESOLUTION NO. 3 ~~~ -°g A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND APPROVING A REQUEST FOR A SPECIAL EXCEPTION TO CONSIDER THE DESIGNATION OF CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF TAX ABATEMENT FOR UNIVERSITY OF NOTRE DAME DU LAC, AND INNOVATION PARK AT NOTRE DAME, INC. (THE "PETITIONER") WHEREAS, the Petitioner (both non-profit organizations) and the City of South Bend have cooperated to (a) identify certain property located on the campus of University of Notre Dame as a site for the proposed development of a technology park to be known as "Innovation Park at Notre Dame" (the "Innovation Park"), and (b) complete and submit an application for certification of the Innovation Park (as well as the Studebaker Industrial Park referenced below) as a "Certified Technology Park" by the State of Indiana; WHEREAS, it is anticipated that the Innovation Park will, after numerous phases, be comprised of approximately 200,000 square feet of lab and office space and will pursue a mission to "transform research into marketable enterprises' ; WHEREAS, the City of South Bend has also identified the Studebaker Industrial Park as a satellite site for the facilities to accommodate business activity emerging from the commercialization of research and innovations from the Innovation Park; WHEREAS, petitions for real and personal property tax abatement (together, "Petitions") have been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana (the "Common Council"), requesting that a site of approximately 12-acres (commonly known as Edison Road adjoining Twyckenham Drive extension on State Road 23), and which is more particularly described as follows: Parcel 1: A Parcel of land in the Northwest Quarter of Section 6, Township 37 North, Range 3 East of the Second Principal Meridian, St. Joseph County, Indiana, more particularly described as follows: Commencing at the Northeast Corner of the Northwest Quarter of said Section 6; thence South 00°43'29" East (this and all subsequent bearings based on the Indiana State Plane Coordinate System, East Zone), 460.85 feet along the East line of said Northwest Quarter to the northwesterly line of a parcel of land conveyed to the State of Indiana for right-of- way purposes along State Road 23 (South Bend Avenue) recorded October 5, 1991 as