Designating Tax Abatement - Syscon International Inc. 1108 S. High St. (5 Year Personal Property)

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RESOLUTION NO. o2%36' lg 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 1108 S. High Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Syscon International, 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 1108 S. High Street, South Bend, Indiana, and which is more particularly described as follows: PARCEL I: A part of the Northeast Quarter of Section 13, Township 37 North, Range 2 East, in the City of South Bend, Indiana, which part is bounded by a line running as follows, viz: Beginning at a point where the East line of High Street in Martin L. Wenger's Third Addition to the City of South Bend intersects the South boundary line of the right -of -way of the New York Central Railway Company (formerly the Lake Shore and Michigan Southern Railway Company); thence running due South on the East line of High Street (312.36) feet; thence North (89) degrees (38) minutes East (96.75) feet; thence North parallel to the East line of High Street (7) feet (3 -1/2) inches; thence North (89) degrees (38) minutes East a distance of (110.16) feet to the Westerly line of a wall; thence North (42) feet along the Westerly line of said wall; thence West (0.9) feet along the South line of a wall; thence North (83.3) feet along the West line of a wall; thence East (0.9) feet along the North line of a wall; thence North along West line of a wall and its projection to the Northeasterly boundary (25.37) feet and which point is (209.35) feet due East of the East line of High Street; thence Northwesterly (158.92) feet to a point on the South boundary line of the New York Central Railroad Company; thence Norhtwesterly along said South Boundary (99.86) feet, more or less, to the place of beginning. Also, a permanent nonexclusive easement for egress and ingress described as follows: Beginning at a point on the East line of High Street which is (312.36) feet South of the intersection of the East line of High Street and the Southerly right -of -way line of the New York Central Railroad in the City of South Bend, Indiana; thence North (89) degrees and (38) minutes East, a distance of (96.75) feet; thence South (16) feet; thence South (89) degrees and (38) minutes West, a distance of (96.75) feet, to the East line of High Street; thence North along the East line of High Street (16) feet to the place of beginning.