Designating Tax Abatement - Blackthorn Nimtz Partners L.P. Southwest Corner of Nimtz Pkwy & Commerce Dr. (10 Year Real Property)

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RESOLUTION NO. ,� ;�5 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 SOUTHWEST CORNER OF NIMTZ PARKWAY AND COMMERCE DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR BLACKTHORN NIMTZ PARTNERS L.P. 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 Southwest corner of Nimtz Parkway and Commerce Drive, South Bend, Indiana, and which is more particularly described as follows: Lots 16 and 17 of the H.G. Baus Centre Industrial Park which are a part of: The Southwest Quarter (1/4) of Section 21, Township 38 North, Range 2 East, excepting therefrom the following two tracts: Tract 1: Commencing at the Northwest corner of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, thence in an Easterly direction along the North line of said Quarter Section a distance of 650.41 feet to the point of beginning, thence continuing along the said North line in an Easterly direction, on the arc of a circular curve to the right of 0° 58'28.1 a distance of 983.65 feet to the East line of said Quarter Section; thence in a Southerly direction along said East line a distance of 350.36 feet; thence in a Northwesterly direction on the arc of a circular curve to the left of 01' 01'36.8" a distance of 2148.26 feet to the point of beginning. Tract 2: A part of the Southwest 1/4 of Section 21, Township 38 North, Range 2 East, St. Joseph County, Indiana, described as follows: Beginning at the Northeast corner of said Quarter Section; thence South 00° 52'00" East 424.89 feet along the East line of said Quarter Section to the Northern Boundary of the Indiana East -West Toll Road; thence along said Northern boundary northwesterly 989.03 feet along an arc to the left having a radius of 5,879.58 feet and subtended by a long chord having a bearing of North 650 33144" West and a length of 987.87 feet to the North line of said Quarter Section; thence North 88° 57'48" East 893.08 feet along said North line to the point of beginning. (Subject to final Area Plan Commission approval of final subdivision) and which has Key Number 25 -1010 -0361, 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 seo., 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 se., 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: