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

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RESOLUTION NO. a 35S -% A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3680 WEST SAMPLE STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR THE JOSEPH PODELL COMPANY, 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 3680 West Sample Street 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 000 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 00° 01' 52" West, 579.125 feet record) and North 89° 24' 13" East, 13.64 feet (North 890 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 89° 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 89° 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, 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. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confnms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION H. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten (10) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 gt sea.