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

Home Browse Search

RESOLUTION NO. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1108 S. High Street TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Syscon International, 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 1108 S. High Street 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. and which has Key Number 18- 7017 -0724, as an Economic Revitalization Area; and H:\ WPDATA \TAXABATE \RESOLUT \SYSCON2.WPD