Confirming Tax Abatement - Parrish Machine Inc. & Associates Leasing Inc. 3702 W. Progress Dr. (5 Year Personal Property)

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RESOLUTION NO. 2--6 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DE4SIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3702 WEST PROGRESS DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PARRISH MACHINE, INC. and ASSOCIATES LEASING, INC. 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 3702 West Progress Drive and which is more particularly described as follows: A parcel of land in the East half of Section Thirty-three (33), Township Thirty - Eight (38) North, Range Two (2) East, and part of the City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Commencing at a brass plug at the center of Section Thirty-three (33), Township Thirty -eight (38) North, Range Two (2) East; thence North Zero Degrees, Zero Minutes, Zero Seconds East (N 0 degrees 00' 00" E) along the center line of said Section Thirty -three (33) a distance of One Hundred Thirty -five and Eighteen Hundredths (135.18) feet to the South line of Progress Drive, extended West; thence South Eighty-none Degrees, Forty Minutes, Nine Seconds East (S 89 degrees 40' 09 " E) along said South line of Progress Drive a distance of Four Hundred Forty and Zero Hundredths (440.00) feet to the point of beginning, said point being the Northeast corner of a tract heretofore conveyed to Canteen Corporation, Inc.; thence South Zero Degrees, Nineteen Minutes, Fifty -one Seconds West (S 0 degrees 19' S1" W) a distance of Two Hundred Forty and Zero Hundredths (240.00) feet; thence South Eighty-nine Degrees, Forth Minutes, Nine Seconds East (S 89 degrees 40' 09" E) a distance of Four Hundred Twenty-nine and Eighty-seven Hundredths (429.87) feet to a point on the West line of a tract heretofore conveyed to Woodworth Storage and Transfer, Inc.; thence North Zero Degrees, Eighteen Minutes, Fifty -one Seconds East (N 0 degrees 18' 51" E) a distance of Two Hundred Forty and Forth -three Hundredths (240.43) feet to the South line of Progress Drive; thence North Eighty -nine Degrees, Forty Minutes, Nine Seconds West (N 89 degrees 40' 09" W) a Distance of Four Hundred Thirty and Zero Hundredths (430.00) feet to the point of Beginning. and which has Key Number 18 2184 693809 and 25 1006 0299, 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.