Confirming Tax Abatement - Kokoku Wire Indutries Corp. 1217 S. Walnut St. (5 Year Personal Property)

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RESOLUTION NO. 2 0\ A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1217 S. WALNUT STREET, SOUTH BEND, INDIANA TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR KOKOKU WIRE INDUSTRIES CORPORATION 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 1217 S. Walnut Street, South Bend, Indiana, and which is more particularly described as follows: A tract of land in the City of South Bend, County of St. Joseph, and State of Indiana, situated in the Northwest Quarter (1/4) of Section Fourteen (14) and the Northeast Quarter (1/4) of Section Fifteen (15), Township Thirty -Seven (37) North, Range Two (2) East, bounded by the following described line: Beginning at a point in the West line of Walnut street, 1239.70 feet South of the South line of Sample Street, which point is 587.85 feet South of the South line of the Sanders and Egbert Tract, as conveyed by deeds recorded in Deed Record 118, page 428, and Deed Record 121, page 320; thence on an assumed bearing of South 00 degrees 00 minutes 49 seconds East along said West line of Walnut Street 479.91 feet; thence South 89 degrees 54 minutes 12 seconds West, 725.03 feet; thence South 61 degrees 54 minutes 12 seconds West, 42.91 feet; thence South 89 degrees 23 minutes 32 seconds West, 437.13 feet; thence North 00 degrees 00 minutes 49 seconds West parallel with said West line of Walnut street, 504.26 feet; thence North 89 degrees 55 minutes 05 seconds East, 1200 feet to the place of beginning. Subject to legal highways. Subject to any and all easements, restrictions or rights of way of record. Subject to any and all current; non - delinquent real estate taxes.