Confirming Tax Abatement - South Bend Heritage Foundation & Baugo Creek Realty Northeast Corner of Chapin St. & Western Ave. (10 Year Real Property)

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RESOLUTION NO. C 5 97 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS NORTHEAST CORNER OF CHAPIN STREET AND WESTERN AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND HERITAGE FOUNDATION AND BAUGO CREEK REALTY (AN INDIANA PARTNERSHIP) 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 Northeast Corner of Chapin Street and Western Avenue, South Bend, Indiana, and which is more particularly described as follows: Street Address Legal Description Key Number 302 S. Chapin 32 FT N & S X 118.14 FT E & W NW COR BOL 71 18- 3051 - 2001.01 306 S. Chapin 89 FT N & S X 118.14 FT E & W EX 32 FT W END NW CORNER BOL 71 18- 3051 -2001 308 S. Chapin 38 X 7 RODS 4 LKS MID PT W SIDE N 1/2 BOL 71 18- 3051 -2002 310 -312 S. Chapin 32.9 FT X 118.14 FT MID PT W SIDE N 1/2 BOL 71 18- 3051 -2003 314 S. Chapin S 20.1 FT OF S 35 FT OF N 1/2 NW PART OF BOL 71 18- 3051 -2004 734 W. Napier E 28.87 FT OF W 147.01 FT N 1/2 BOL 71 18- 3051 -2005 732 W. Napier E 28.87 FT OF W 175.88 FT N 1/2 BOL 71 18- 3051 -2006 730 W. Napier 7 RODS E END OF 2 1.2 N 1 -4 BOL 71 18- 3051 -2007 No Address 50 FT ON CHAPIN ST X 122.59 FT W SIDE S 1/2 BOL 71 18- 3051 -2008 No Address 65 FT X 122.59 FT MIDDLE PART W SIDE W 1/2 OF S 1/2 BOL 71 18- 3051 -2009 No Address 46.12 FT X 122.59 FT SW CORNER BOL 71 18- 3051 -2010 No Address W 39 FT ON WESTERN AVE MID PART W 1/2 S 1/2 BOL 71 18- 3051 -2011 735 W. Western E 39 FT OF W 208 FT EX TRI PC TO CITY FOR ST SW BOL 71 18- 3051 -2012 733 W. Western W 37 FT OF E 94 1/2 FT W 1/2 S 1/2 BOL 71 18- 3051 -2013 No Address E 57.5 FT OF W 1/2 OF S 1/2 BOL 71 18- 3051 -2014 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 and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met.