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

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RESOLUTION NO. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3601 GAGNON TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR JOURNEYMAN TOOL & MOLD, 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 3601 Gagnon 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. 00 °- 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. 89 °- 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. 00 °- 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. 000- 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. and which has Key Number 25 -1010- 0385.08, 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