Confirming Tax Abatement - AAK Properties, LLC 131 S. Taylor St. (3 Year Real Property)

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RESOLUTION NO. 3O 7�_ O , A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 131 South Taylor Street TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR AAK PROPERTIES, LLC 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 131 South Taylor Street, South Bend, Indiana, and which is more particularly described as follows: Parcel II: Lots Numbered One (1) to Twelve (12) as shown on the recorded Plat of Jefferson Place Subdivision in the City of South Bend. Parcel III: A lot or parcel of land bounded by a line running as follows, viz: Beginning at the Southeast corner of Bank Out Lot Numbered 46; thence North on the West line of Taylor Street 103.6 feet; thence West 1303/4 feet; thence curve to left a distance of 76.3 feet on the perimeter of a circle described with a radius of 54.2 feet; thence South 9° West 14.68 feet; thence South 44 feet to a point distant East 31 feet from the Northwest comer of the East Half of Bank Out Lot Numbered 46; thence East 191.15 feet to the place of beginning, all as shown on the First Plat of Out Lots of the Town, now City of South Bend, platted by the State Bank of Indiana. Parcel IV: Beginning at a point that is 3.27 feet North and 130.75 feet West of the Northeast corner of Bank Out Lot Numbered 46 of the First Plat of Out Lots of the Town, now City, of South Bend, platted by the State Bank of Indiana; thence West 164.20 feet; thence South 26.25 feet; thence West 5.84 feet; thence South 173.75 feet; thence East 11.30 feet; thence South 49.50 feet; thence West 26.30 feet; thence South on a line parallel with the East line of Scott Street 56.06 feet to the North line of an alley in Weaver's Subdivision, being 2.56 feet South of the North line of Lot Numbered Forty-nine (49) of said Bank Out Lots; thence