Designating Tax Abatement - South Bend Redevelopment Commission Benefit of Western Ave. Partners, LLC 401 S. Michigan St. (6 Year Real Property)

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RESOLUTION NO. (29 - % 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 401 SOUTH MICHIGAN STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR SOUTH BEND REDEVELOPMENT COMMISSION FOR THE BENEFIT OF: WESTERN AVENUE PARTNERS, LLC 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 401 South Michigan Street, South Bend, Indiana, and which is more particularly described as follows: A parcel of land being a part of the Southwest Quarter of Section Twelve (12), Township Thirty -seven (37) North, Range Two (2) East, also known as part of Lots Numbered Thirteen (13), Fourteen (14), Fifteen (15) and part of Lot Sixteen (16) and the adjacent vacated 14 foot alley in Martin's Addition all in the City of South Bend, Indiana and more particularly described as: Beginning at the Northeast corner of said Lot 13; thence North 89 °- 45' -35" West along the South right -of -way line of Western Avenue, a measured distance of 165.05 feet; thence South 0 °- 00' -00" East along the West line of said lots 13, 14, 15 and 16, a measured distance of 251.77 feet; thence South 89 °- 52' -37" East, a distance of 165.05 feet to the West right -of -way line of Michigan Street; thence North 00- 00' -00" East (bearing assumed) along said West right -of -way line, also being the East line of said Lots 13, 14, 15 and 16, a distance of 251.48 feet to the place of beginning. and which has Key Number 18- 3016 -0593 through 18- 3016 -0597, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1 eLseq., and South Bend Municipal Code Sections 2 -76 eLseq., and; WHEREAS, the Department of 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 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 WHEREAS, the Human Resources 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: SFCTION 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-Seq., for tax abatement. SFC'TTON IT The Common Council hereby determines and finds the following: