Confirming Tax Abatement - John R. & Lai-Lo Gould 2422 Viridian Dr. (3 Year Real Property)

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RESOLUTION NO. a Y � 3✓ % A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2422 VIRIDIAN DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR JOHN R. AND LAI -LO GOULD 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 2422 Viridian Drive and which is more particularly described as follows: That part of the Southeast quarter of Section 28, T. 38 N., R. 2 E., City of South Bend, St. Joseph County, Indiana which is described as: Beginning at a Point which is the intersection of the West Right of Way line of Bendix Drive and the North line of Viridian Drive which is N. 00 °- 02' -06" W., 771.89 ft. from a Point on the South line of said Section which is N. 90 °- 00' -00" W. (assumed bearing), 40.00 ft. from an Iron in a Monument Box marking the Southeast Corner of said Section; thence around a 40.00 ft. Radius curve to the Right an Arc distance of 72.33 ft. to the end of a chord which bears S. 51 °- 46' -11" W. and having a distance of 62.87 ft.; thence around a 210.00 ft. Radius curve to the Right an Arc distance of 77.97 ft. to the end of a chord which bears N. 65 °- 47' -20" W. and having a distance of 77.52 ft.; thence around a 586.97 ft. Radius curve to the Left an Arc distance of 357.00 ft. to the end of a chord which bears N. 72 °- 34' -35" W. and having a distance of 351.52 ft.; thence S. 90 °- 00' -00" W., 268.26 ft.; thence N. 00 °- 22' -17" E., 169.87 ft.; thence N. 69 °- 21' -01" E., 771.91 ft. (771.89 ft., Record); thence S. 00 °- 02' -06" E., 152.84 ft.; thence S. 90 °- 00' -00" W., 125.00 ft.; thence S. 00 °- 02' -06" E., 264.00 ft.; thence N. 900- 00' -00" E., 125.00 ft.; thence S. 00 °- 02' -06" E., 123.38 ft. To the Point of Beginning. Containing 4.92 Acres. with said real estate having the following Key No.: 25- 1010- 040804, 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; and WHEREAS, the Council issued a Confirmatory Resolution confirming the adoption of the Declaratory Resolution as Resolution No. 2215 -95 on January 23, 1995; and WHEREAS, the Petitioner has requested an additional period of time to complete construction of the planned project.