Designating Tax Abatement - Imagineering Properties, LLC. 4521 NImtz Parkway (10 Year Real Property)

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RESOLUTION NO. 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 4521 NIMTZ PARKWAY AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR IMAGINEERING 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 commonly known as 4521 Nimtz Parkway, South Bend, Indiana, and which is more particularly described as follows: A PART OF THE SOUTHWEST QUARTER (SW '/4) OF SECTION 21, TOWNSHIP 38 NORTH, RANGE 2 EAST, SITUATE IN GERMAN TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA AND BEING MORE PARTICULARYL DESCRIBED AS FOLLOWS: COMMENCING AT AN IRON PIPE MARKING THE NORTHWEST CORNER OF THE SOUTHWEST QUARTER (SW '/4) OF SAID SECTION 21; THENCE SOUTH 00'23'18" EAST ALONG THE WEST LINE OF SAID QUARTER SECTION A DISTNACE OF 973.15 FEET TO A POINT ON THE NORTH RIGHT -OF -WAY LINE OF F.J. NIMTZ PARKWAY (DOCUMENT # 94- 45142; THENCE SOUTH 60'00'07" EAST ALONG THE NORTH LINE OF SAID NIMTZ PARKWAY A DISTANCE OF 352.47 FEET TO AN IRON PIPE MARKING THE PLACE OF BEGINNING OF THIS DESCRIPTION SAID POINT BEING THE SOUTHEASTERN MOST CORNER OF H.G. BAUS CENTRE PHASE I, SAID PLAT BEING RECORDED IN DOCUMENT NO. 95- 07104. OFFICE OF THE RECORDER, ST. JOSEPH COUNTY, THENCE NORTH 29' 59'53" EAST ALONG THE SOUTHEASTERLY LINE OF SAID BAUS CENTRE A DISTANCE OF 483.40 FEET TO A POINT OF CURVATURE; THENCE NORTHEASTERLY ALONG THE EASTERLY LINE OF SAID BAUS CENTRE AND ALONG A TANGENT CURVE TO THE RIGHT HAVING A RADIUS OF 170.00 FEET ANDAN ARC LENGTH OF117.97 FEET (TANGENT= 61.47'. CHORD BEARING AND DISTANCE = NORTH 49 '52'44" EAST = 115.62', DELTA = 39'45'41 ") TO THE EAST MOST CORNER OF SAID BAUS CENTRE; THENCE ALONG A COMPOUND CURVE TO THE RIGHT HAVING A RADIUS OF 228.33 FEET AND AN ARC LENGTH OF 168.38 FEET (TANGENT= 88.22 ', CHORD BEARING AND DISTANCE = SOUTH 89'06'53" EAST = 164.59', DELTA = 42