Confirming Tax Abatement - Rose Fuel & Materials, Inc. 533 S. Chapin St. (6 Year Real Property)

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RESOLUTION NO. Z I — 03 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 533 SOUTH CHAPIN STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR South Bend Redevelopment Commission for the benefit of: ROSE FUEL & MATERIALS, 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 533 South Chapin Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Southeast and Southwest Quarters of Section 11, Township 37 North, Range 2 East, Portage Township, City of South Bend, St. Joseph County, Indiana which is described as: Beginning at a point which is N. 00 (- 00' -36" W., 745.18 feet more or less and N. 89(-48159" W., 4.37 feet more or less and N. 00(- 11' -01" E., 63.50 feet more or less from the Southwest corner of the Southeast corner of the Southeast Quarter of said section 11; thence N. 00( - 00' -36" W., 160.00 feet more or less; thence N. 89( - 59'49" W., 298.90 feet more or less; thence N. 00( - 03137" E., 244.59 feet more or less; thence N. 40( - 34' -11" E., 61.77 feet more or less to the Southerly line of proposed Oliver plow Court; thence around a 60.00 foot radius curve to the left and arc distance of 103.60 feet more or less to the end of a chord which bears N. 81( - 06' -23" E. and having a distance of 91.20 feet more or less; thence around a 25.00 foot radius curve to the right an are distance of 19.16 feet more or less to the end of a chord which bears N. 53( -36' -03" E. and having a distance of 18.70 feet more or less; thence around a 312.00 foot radius curve to the left an arc distance of 43.49 feet more or less to the end of a chord which bears N. 71( - 33' -54" E. and having a distance of 43.45 feet more or less; thence N. 70( - 12' -21" E., 188.77 feet more or less; thence around a 138.00 foot radius curve to the right and arc distance of 247.68 feet more or less to the end of a chord which bears N. 80( -06' -16" E. and having a distance of 47.45 feet more or less; thence N. 89( - 59' -49" E., 67.22 feet more or less; thence around a 138.00 foot radius curve