Deisgnating Tax Abatement - The Joseph Podell Co. Inc. 3680 W. Sample St. (10 Year Real Property)

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RESOLUTION NO. :� 3E 3— 96 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 3680 WEST SAMPLE STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR THE JOSEPH PODELL COMPANY, INC. WHEREAS, a petition for real property tax abatement 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 3680 West Sample Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Northeast quarter of Section 18, Township 37 North, Range 2 East, City of South Bend, St. Joseph County which is described as: From the Northwest corner of the East half of the Northeast quarter of said section measure South 90° 99' 00" West along the North line of said section, 630.00 feet and South 00° 02' 31" East 40.00 feet and North 90° 00' 00" East 300.02 feet (300.00 feet record) and South 000 04' 00" West 578.33 feet (South 000 011 52" West, 579.125 feet record) and North 890 24' 13" East, 13.64 feet (North 89° 59' 13" East 13.745 feet record) and South 00° 00' 38" East 250.27 feet to the point of beginning of this description; thence South 890 55' 49" West along the North line of Industrial Avenue (now vacated), 159.99 feet; thence South 000 03' 24" West 400.60 feet; thence South 89° 55' 41" East along the Northerly line of the New Jersey, Indiana and Illinois Railroad, 289.00 feet; thence North 00° 03' 24" East 363.03 feet; thence North 890 56' 24" West 128.96 feet; thence North 00° 00' 38" West 38.00 feet to the point of beginning. and which has Key Number 18 -8112- 421509, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1 et sea., and South Bend Municipal Code Sections 2 -76 et sea., 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- 12.1-1, et =., and South Bend Municipal Code Sections 2 -76, et sea., and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et seo., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et sea., for tax abatement. SECTION H. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development.