Designating Tax Abatement - John R. & Lai-Lo Gould 2422 Viridian Dr. (3 Year Real Property)

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RESOLUTION NO. 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 2422 VIRIDIAN DRIVE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR JOHN R. & LAI -LO GOULD 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 2422 Viridian Drive, South Bend, Indiana, and which more particularly described as follows: That part of the Southeast quarter of Section 28, T. 38 N., R. 2 E., City of South Bend, St. Joseph County, Indiana which is described as: Beginning at a point which is the intersection of the West Right of Way line of Bendix Drive and the North line of of Viridian Drive which is n. 00'- 02' -06" W., 771.89 ft. from a Point on the South line of said Section which is N.90'- 00'-00" W. (assumed bearing). 40.00 ft. from an iron in a Monument Box marking the Southeast Corner of said Section ; thence around a 40.00 ft. Radius curve to the Right an Are distance of 72.33 ft. to the end of a chord which bears S. 51'- 46' -11" w. and having a distance of 62.87 ft.; thence around a 210.00 ft. Radius curve to the Right an Are distance of 77.97 ft. to the end of a chord which bears n. 65'- 47' -20" W. and having a distance of 77.52 ft.; thence around a 586.97 ft. Radius curve to the Left an Arc distance of 357.00 ft. to the end of a chord which bears N. 72'- 34' -35" W. and having a distance of 351.52 ft.; thence S. 90'- 00'- 00 "W., 268.26 ft.; thence N. 00'- 22' -17" E., 169.87 ft.; thence N.69'- 2l' -01" E., 771.91 ft. (771.89 ft. Record); thence s. 00'- 02' -06" E., 152.84 ft.; thence S. 90'- 00'- 00 "W., 125.00 ft.; thence s. 00'- 02' -06" E., 264.00 ft.; thence N. 90'- 00' -00" e., 125.00 ft.; thence S. 00 "- 02' -06" E., 123.38 ft. to the Point of Beginning. Containing 4.92 Acres. and which has Key Number 25 1010 040804, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code Sections 2 -76 et seq., 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: 1