Designating Tax Abatement - Mossberg & Company, Inc. 301 E. Sample St. (5 Year Personal Property)

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Township 37 North, Range 2 East, all in Portage Township, City of South Bend, St. Joseph County, Indiana, described as follows: Beginning at a point on the North line of Tuft Street, 22.23 feet South 89 degrees 41'55" East (bearing assumed) from the Southwest corner of said Lot 30; thence South 89 degrees 41'55" East along the North line of Tutt Street, 155.62 feet to a point (295.09 feet, record) North 89 degrees 41'55" West of the Southeast corner of said Lot 30, and being on the East line of the East side of an existing concrete block building; thence North 00 degrees 33'35" East along said East line of said block building, 184.30 feet to the Southerly line of the Consolidated Railroad Corporation right -of -way; thence South 89 degrees 58'00" West along said railroad southerly right -of -way line, 6.79 feet to an angle in said railroad right -of -way; thence North 57 degrees 16'15" West along said railroad southerly right -of -way line, 128.09 feet; thence South 32 degrees 43'45" West, 75.89 feet; thence South 00 degrees 33'35" West, 188.90 feet to the point of beginning. and which has Key Numbers 18- 3024 -0869, 18- 3022 -0827, 18- 3022 - 082701, 18- 3024 -0897, 18- 3024 -0898, 18- 3024 -0899, and 18- 3024 -0900, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2- 76 et seq., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et seq., and South Bend Municipal Code Sections 2 -76, et sue., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6 -1.1- 12.1-4.5 et seg., that: a. the estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type; b. That the estimate of the number of individuals that will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed installation of new manufacturing equipment;