Confirming Tax Abatement - Manufacturing Technology Inc. 1702 W. Washington St. (6 Year Real Property)

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RESOLUTION NO. SM3 -df- A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1702 West Washington Street AS AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR MANUFACTURING TECHNOLOGY, INC. WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 1702 West Washington Street, South Bend, Indiana, and which is more particularly described as follows: PARCEL 1: A lot or parcel of Land in the City of South Bend, located in the East Half of the Northeast Quarter of Section Number Ten (10), Township Number Thirty -seven (37) North, Range Number Two (2) East, bounded by a line running as follows, viz: Beginning at a point in the South Line of West Washington Avenue 7.58 feet West from a point where the West line of College Street extended South would intersect the South line of said West Washington Avenue thence South 208 feet; thence West 395.87 feet; thence North 208 feet to the South Line of Washington Avenue, thence East along the South line of Washington Avenue a distance of 395.87 feet to the place of beginning. PARCEL 2: Also, beginning at a point in the South line of West Washington Avenue 7.58 feet West from a point where the West line of College Street extended South would intersect the South line of Washington Avenue and being at the Northeast comer of the above described tract; thence South along the East line of the above described tract 293.6 feet to an iron stake; thence East 19.69 feet, more or less, to the Southwest corner of a tract of land conveyed to the South Bend Wholesale Drug Company by deed recorded in Deed Record 333 page 336; thence North 293.6 feet, more or less, to a point in the South line of West Washington Avenue 20 fee East of the place of beginning; thence West 20 feet to the place of beginning, subject, however, to a perpetual easement of right of way in common with the Grantees at all times and for all purposes over the following real estate for the use and benefit of the South Bend Drug Co., Inc.: A part of the East Half (1/2) of the Northeast Quarter (1/4) of Section Ten (10), Township Thirty -seven (37)