Designating Tax Abatement - USF Holland, Inc. 5550 Cleveland Road (6 Year Personal Property)

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RESOLUTIONNO. 2-M-06 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: 5550 CLEVELAND ROAD AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 6 (SIX) YEAR REAL PROPERTY TAX ABATEMENT FOR: USF HOLLAND, 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 5550 Cleveland Road, South Bend, Indiana, and which is more particularly described as follows: A part of the Northwest quarter of Section 20, Township 38 North, range 2 East, German Township, St. Joseph County, Indiana, described as follow: Commencing at the Northeast corner of said quarter section; thence S 00`48'35" E. along the East line of said quarter section 1773.14 feet (1758.34 feet deed): thence S 89'34'08" W, 30.00 feet (S 89'l 1'25" W Deed) to a point on the West right -of -way line of Mayflower Road and the point of beginning of this description; thence S 89'32'43" W, 564.69 feet meas. (West 594.00 feet deed) along the right -of -way of the Indiana Toll Road; thence S 00'I l'18" E, 206.53 feet meas. (South, 206.63 feet deed) along the Indiana Toll Road right -of -way; thence S 89'38'41" W, 1361.44 feet meas. (West, 1361.3 feet deed) along the Indiana Toll Road right -of -way; thence N 00'43'34" W, 893.34 feet meas. (North, 875 feet deed); thence N 89'33'38" E, 257.96 feet meas. (251.84 feet deed) to the Southerly right -of -way of Cleveland Road by -pass; thence around a 1532.05 foot (1532.39 foot deed) radius curve to the left an arc distance of 528.07 feet (507.71 feet deed) to the end of a chord which bears S 67'41'32" E, (S 68'04'30" E deed) having a distance of 525.46 feet (505.39 feet deed) S 77'34'00" E, 1144.87 feet deed S 39'09'52" E, 115.08 feet meas. (116.17 feet deed) to the West right -of -way line of Mayflower Road; thence S 00'48'35" E. 140.60 feet meas. (125.32 feet deed) the point of beginning. Containing 26.312 acres more or less subject to all legal highways, easements and restrictions of record. and which has Key Number 25 -1018 0618 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 gt seq., and; WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1 -12.1, et sea., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and