Confirming Tax Abatement - Lock Joint Tube Inc. 515 W. Ireland Rd (5 Year Personal Property)

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RESOLUTIONNO. 2 3U' A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 515 West Ireland Road South Bend, Indiana 46614 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR Lock Joint Tube 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 515 West Ireland Road, South Bend, Indiana, and which is more particularly described as follows: A parcel of land located in the Southeast Quarter of the Northeast Quarter of Section 26, Township 37 North, Range 2 East, more particularly described as follows: Beginning at a point on the East -West centerline of said Section 26, a distance of 400.00 feet South 90 000'00" West (bearing assumed for this survey) of the Southeast corner of said Northeast Quarter of Section 26; thence South 90 °00'00" West along the East -West centerline a distance of 891.04 feet; thence North 0 °58'07" East, along the West line of said Southeast Quarter of the Northeast Quarter, a distance of 996.17 feet to an iron found this survey 314.00 feet South 0 °58'07" West of a stone found this survey which marks the Northwest corner of said Quarter, Quarter Section; thence North 89 °44'16" East, a distance of 1300.60 feet to a point to the East line of said Northeast Quarter 314.00 feet South 1 °30'29" West of a stone found this survey which marks the Northeast corner of said Quarter, Quarter Section; thence South 1 °30'29" West along the East line of said Northeast Quarter, a distance of 602.31 feet; thence South 90 °00'00" West parallel with said East -West centerline, a distance of 400.00 feet to an iron found this survey; thence South 1 °30'29" West, parallel with said East line of the Northeast Quarter, a distance of 400.00 feet to the place of beginning. and which has Key Number 23- 1013 -0758, 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 an objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: