Designating Tax Abatement - South Bend Redevelopment Commission benefit of: AJW South Bend Realty Corp. (10 Year Real Property)

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RESOLUTION NO. SM —02 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 1902 WEST SAMPLE STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION for the benefit of: AJW SOUTH BEND REALTY CORP. 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 1902 W est Sample Street, South Bend, Indiana, and which is more particularly described as follows: That Part of the Northeast Quarter of Section 15, 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 S. 000- 05' -51" E. (All Bearings Assumed), 50.00 ft. more or less and S. 89 ° -52'- 12" E., 1,076.95 ft. more or less from the North Quarter Post of Said Section 15; thence continuing S. 00° - 05' -51" E., 395.00 ft. more or less; thence S. 89 °- 56' -51" W., 492.00 ft. more or less; thence N. 51 °- 31' -38" W., 141.28 ft. more or less to the Proposed Southerly Line of Sample Street; thence along said Proposed Line, S. 37 °45' -40" W., 697.66 ft. more or less to the Proposed Easterly Line of Olive Street; thence along said East Line, S. 00 °- 08' -02" W., 1106.17 ft. more or Less; thence N. 89 °- 54' -19" E., 557.45 ft. more or less; thence N. 79 °- 32' -32" E., 592.72 ft. more or less; thence N. 00 °- 07'40" W., 370.29 ft. more or less; thence N. 89 °- 54' -19" E., 922.75 ft. more or less; thence N. 00 °- OF -16" W., 1482.61 ft. more or less to the Proposed South Line of Sample Street; thence N. 89 °- 52' -12" W. along said Proposed South Line, 1029.96 ft. to the Point of Beginning. Containing 70.95 acres more or less. and which has Key Number 18- 80752841, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., and;