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THENCE SOUTH 000- 55' -14" EAST ALONG SAID WEST LINE A DISTANCE OF 629.46 <br />FEET TO THE POINT OF BEGINNING. <br />CONTAINING 14.10 ACRES MORE OR LESS, AND ALSO TO BE LATER KNOWN AS <br />LOT # 7 OF THE PLAT OF "IGNITION PARK MAJOR SUBDIVISION, SECTION TWO" <br />AS RECORDED IN THE RECORDS OF THE ST. JOSEPH COUNTY, INDIANA <br />RECORDER'S OFFICE. <br />SUBJECT TO ALL LEGAL RIGHT -OF -WAYS, AND EASEMENTS OF RECORD. <br />and which has Key Numbers which are not yet platted be designated as an Economic <br />Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing <br />before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION 1. The Common Council hereby confirms its Declaratory Resolution designating the <br />area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is limited to two (2) calendar years <br />from the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for up to a period of seven (7) years as shown by the <br />attachment pursuant to Indiana Code 6- 1.1- 12.1 -17 and further determines that the petition, the <br />Memorandum of Agreement between the Petitioner and the City of South Bend, and the <br />Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of <br />South Bend and Indiana Code 6- 1.1 -12 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approved by the Mayor. <br />Member of the Common Coun it <br />[g6C:r <br />PRES11141 :i1 <br />lyvlp'fiy# *y�ysR1� <br />MANY Z' Sb <br />Filed In CIr .,'s Office <br />EJU 2 Z'Q�� <br />JOHN i 00-%i <br />CITY CLERK, SOUTH REND, IN <br />