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

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North, Range Two (2) East, described as follows: Beginning at a point on the South line of Washington Avenue which is 389.87 feet West of a point which is 7.58 feet West from the West line of College Street extended South to the South line of Washington Avenue; thence due South 133.5 feet; thence Easterly 321.3 feet to a point 130.3 feet due South from the South line of Washington Avenue; thence in a Southeasterly direction 102 feet to an iron stake, which iron state is 208 feet due South from Washington Avenue; thence North 46.2 feet; thence in a Northwesterly direction 80.3 feet to a point 100.3 feet due South from the South line of Washington Avenue; thence Westerly 305.6 feet to a point due South 103.5 feet from the South line of Washington Avenue, thence North 103.5 feet to a point on the South line of Washington Avenue which is 30 feet East of the place of beginning, thence West 30 feet to the place of beginning; and which has Key Numbers 18- 2001 -0002 and 18- 2001 -0005, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of six (6) years, and further determines that the petition, the Memorandum of Agreement between the Petitioner and the City of South Bend, and the Statement of Benefits comply with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approved by the Mayor. PRESENTED 7 L5 -0r Filed In Clerk's Office J U L � 9005 NOT APPROVED L ADOPTER CITY C' M, Member of the CommA Council