Designating Tax Abatement - Journeyman Tool & Mold Inc. 3601 Gagnon (5 Year Personal Property)

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RESOLUTION NO. 11 H �— 9I 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 3601 GAGNON AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR JOURNEYMAN TOOL & MOLD, INC. WHEREAS, a petition for personal property tax abatement consideration 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 3601 Gagnon, South Bend, Indiana, and which is more particularly described as follows: THAT PART OF THE NORTHEAST QUARTER OF SECTION 28, TOWNSHIP 38 NORTH, RANGE 2 EAST, GERMAN TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA WHICH IS DESCRIBED AS: BEGINNING AT A 5/8" CAPPED REBAR SET ON THE NORTH LINE OF GAGNON STREET WHICH IS N. 000- 00' -37" E., (N. 00 °- 00' -23" E., RECORD) 35.00 FT. FROM A POINT ON THE CENTERLINE OF GAGNON STREET WHICH IS S. 890- 58' -39" W. (N. 89 °- 59' -37" W., RECORD), 370.00 FT. FROM A POINT AT THE INTERSECTION OF THE CENTERLINE OF GAGNON STREET WITH THE CENTERLINE OF KENMORE STREET WHICH IS N. 000- 00' -38" E., (N. 00 °- 00' -23" E., RECORD) 966.00 FT. FROM A POINT ON THE SOUTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION WHICH IS S. 89 °- 58' -56" W., (RECORD AND ASSUMED BEARING), 1150.08 FT. (1150.09 FT., RECORD) FROM AN IRON PIPE FOUND IN A MONUMENT BOX MARKING THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION; THENCE ALONG THE NORTH LINE OF GAGNON STREET S. 890- 58' -39" W., (N. 89 °- 59' -37" W., RECORD) 150.01 FT. TO A SET 5/8" CAPPED REBAR; THENCE N. 00 °- 00' -43" E., (N. 000- 00' -23" E., 363.45 FT. (363.60 FT., RECORD) TO A SET 5/8" CAPPED REBAR; THENCE NORTH 890- 58' -40" E., 150.00 FT. (S. 89 °- 59' -37" E., RECORD) TO A SET 5/8" CAPPED REBAR; THENCE S. 00 °- 00' -37" W., 363.45 FT. (S. 00 °- 00' -17" W., 363.60 FT., RECORD) TO THE POINT OF BEGINNING. CONTAINING 1.25 ACRES AND COMPRISED OF ONE (1) LOT. SUBJECT TO ALL LEGAL HIGHWAYS, EASEMENTS AND RESTRICTIONS OF RECORD.