Confirming Tax Abatement - Absorbtech, LLC 3900 W. William Richardson Dr. (6 Year Real Property)

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REAL PROPERTY CONFIRMING ABATEMENT RESOLUTION NO. (' J A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3900 WEST WILLIAM RICHARDSON DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR REAL PROPERTY TAX ABATEMENT FOR ABSORBTECIr, LLC 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 know as 3900 West William Richardson Drive, and which is more particularly described as follows: 20 acres of land off the East end of the South Half of the Northwest Quarter of Section 21, Township 38 North, Range 2 East excepting therefrom the following: A part of the South Half of the Northwest Quarter of Section 21, Township 38 North, Range 2 East, St. Joseph Count, Indiana, described as follows: Beginning on the South line of said quarter Section South 88° 57' 48" West 160.62 feet from the Southwest corner of said Quarter Section; thence South 880 57' 48" West 501.97 feet along said South line to the Southwest corner of the owner's land; thence North 00 52' 00" West 221.16 feet along the West line of the owner's land; thence Southeasterly 548.23 feet along an arc to the right having a radius of 4,718.66 feet and subtended by a long chord having a bearing of South 67° 13' 54" East and a length of 547.92 feet to the point of beginning. with said real estate having the following Key Number 25- 1012 -0198, 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 -1.25; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections for 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: 1