Designating Tax Abatement - Appletree Associates (PEI Genesis, Inc.) 1915 N. Bendix Dr. (6 Year Real Property)

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RESOLUTION NO. 307 7— 0 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 1915 N. BENDIX DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR APPLETREE ASSOCIATES (PEI GENESIS, INC.) 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 1915 N. Bendix Drive, South Bend, Indiana, and which is more particularly described as follows: A part of the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Thirty -Three (33), Township Thirty -Eight (38) North, Range Two (2) East, Portage Township, City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Beginning at a found Three - Quarter (3/4) inch iron pipe at the West right -of -way line of Bendix Drive which is North 00 degrees 00 minutes 25 seconds East, 232.03 Feet (North 00 Degrees 07 Minutes 29 Seconds East, 232.38 Feet record) and North 89 degrees 44 minutes 04 seconds West, 40.00 Feet (North 89 degrees 40 minutes 09 seconds West, 40.00 Feet record) from the East Quarter (1/4) post of said Section Thirty-Three (33); thence North 89 degrees 44 minutes 04 seconds West (North 89 degrees 40 minutes 09 seconds West record) a distance of 661.80 feet (661.97 feet record) to a found Three Quarter (3/4) inch iron pipe; thence North 00 degrees 00 minutes 25 seconds East (North 00 degrees 07 minutes 29 seconds East record) a distance of 290.69 feet (290.79 feet record) to a found three - quarter (3/4) inch iron pipe; thence North 89 degrees 52 minutes 20 seconds East (North 89 degrees 56 minutes 16 seconds East record) a distance of 661.79 feet (661.94 feet record) to a found five - eighths (5/8) inch rebar at the West right - of -way line of Bendix Drive; thence South 00 degrees 00 minutes 25 seconds West (South 00 degrees 07 minutes 02 seconds West record) along said right -of- way line a distance of 295.24 feet (295.33 feet record) to the point of beginning, containing 4.45 acres, more or less, subject to all public highways and any easements of record, if any.