Confirming Tax Abatement - Precision Millwork & Plastics Inc. 3601 McGill (5 Year Personal Property)

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RESOLUTION NO. �319-95 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF ,SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3601 MCGILL TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR PRECISION MILLWORK & PLASTICS, INC. 3601 MCGILL, SOUTH BEND, INDIANA 46628 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 3601 McGill, South Bend, Indiana 46628, and which is more particularly described as follows: A part of the NE 1/4 of Section 28, Township 38 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described as follows: Commencing at the northeast corner of Section 28; thence South 89048105" West along the north line of said quarter section a distance of 1305.00 feet; thence South 0000123" West along the centerline of Kenmore Street a distance of 363.70 feet; thence South 9059137" East along said centerline a distance of 486.87 feet to the centerline intersection of Kenmore Street with McGill Street; thence South 80000'23" West along the centerline of McGill Street a distance of 303.50 feet; thence North 89059137" West along said centerline a distance of 270.66 feet; thence North 0000123" East a distance of 35.00 feet to the north right -of -way boundary of said McGill Street and the point of beginning; thence North 0000'23" East a distance of 366.65 feet; thence North 89048'36" East a distance of 260.00 feet; thence South 0000'23" West a distance of 361.04 feet to the north boundary of said McGill Street; thence Southwesterly along said boundary 156.61 feet along an arc to the right having a radius of 1874.86 feet and subtended by a long chord having a bearing of South 89048136" West and a length of 156.43 feet; thence North 89059'37" of beginning and containing 2.172 acres, more or less. Above tract of land is encumbered by an easement described as follows: 1. An easement for wastewater and stormwater systems located into, under, upon, over and across a strip of land 12.5 feet in width with its north boundary being the north boundary of the above - described tract of land. with said real estate having the following Key No. 25- 1010 - 038514, 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 Ind. Code S 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