Reconfirming Tax Abatement - C.D.T. LLC Southeast Corner of Niles Avenue & Corby Blvd. (3 Year Real Property)

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RESOLUTION NO. Z $ �(-A -O 0 A RESOLUTION RECONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS SOUTHEAST CORNER OF NILES AVENUE AND CORBY BLVD. TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR C.D.T., L.L.C. )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 the Southeast Corner of Niles Avenue and Corby Boulevard and which is more particularly described as follows: PARCEL I: A parcel of land located in the Northeast Quarter of the Southwest Quarter of Section 1, Township 37 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described as follows: Beginning at a point on the South line of Corby Street, 220.51 feet North 89 048'27" East (assumed bearing) of the intersection of the South line of Corby Street and the Easterly line of Niles Avenue, said point being the Northwest corner of a tract of land conveyed to the City of South Bend, Indiana by Instrument Number 7803739 recorded March 3, 1978 in the Office of the St. Joseph County, Recorder; thence South 25 °06'03" East along the Westerly line of said City of South Bend tract, 149.87 feet; thence North 16'17'47" East, 141.77 feet to the South line of Corby Street; thence South 89 °49'27" West along said South line of Corby Street, 103.36 feet to the point of beginning. PARCEL II: A parcel of land located in the Northwest Quarter of the Southwest Quarter of section 1, Township 37 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described as follows: Beginning at the intersection of the 25 °06'03" East (assumed bearing) along the Easterly line of Niles Avenue, 242.74 feet; thence North 64 °53'57" East, 200.00 feet to the Westerly line of a tract of land conveyed to the City of South Bend, Indiana by Instrument Number 7803739 recorded March 3, 1978 in the office of the St. Joseph County Recorder; thence North 25 °06'03" West along said Westerly line, 149.87 feet to the South line of Corby Street; thence South 89 °48'27" West along said South line of Corby Street, 220.51 feet to the point of beginning. with said real estate having the following Key Numbers: 18 -5038- 134602 and 18- 5038 -1343, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met; and