Designating Tax Abatement - Exacto Inc. of South Bend 1137 S. Lafayette Blvd. (5 Year Personal Property)

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RESOLUTION NO. �US_ % 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 1137 S. LAFAYETTE BLVD. AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR EXACTO, INC. OF SOUTH BEND 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 1137 S. Lafayette Blvd., South Bend, Indiana, and which is more particularly described as follows: Beginning at the SW corner of Lot 7, Stuff's Second Edition; Thence, N along the E right -of -way of an alley a distance of 336.06 feet + or - to a point; said point being the NW comer of the S 1/2 of Lot 64, South Bend City Edition; Thence, E along the northern boundary of said 1/2 of Lot 64 which is on the western right -of -way of Lafayette Blvd.; Thence, S a distance of 275 feet + or - to the SE comer of Lot 6, Stull's Second Edition; Thence, W a distance of 125 feet to a point; Thence, S 66 feet to a point; Thence, W 40 feet to a point of beginning. All being within the City of South Bend, County of St. Joseph, State of Indiana. And which has Key Numbers 18 8006 0288, 18 8002 0115, 18 8006 0282, 18 8006 028201, 18 8006 0285, 18 8006 028501, 18 8002 0116, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.1 et seq., and South Bend Municipal Code Sections 2 -76 et seq., and; WHEREAS, the Department of Community and Economic Development has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1- 12.1, et seq., and South Bend Municipal Code Sections 2 -76, et seq., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and