Confirming Tax Abatement - Advanced Masonry Construction Inc. 828 Kerr St. (3 Year Real Property)

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RESOLUTION NO. p A M5 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS: 828 KERR STREET TO BE AN ECONOMIC + REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR 4,000 SQ FT OFFICE ADDITION TO 828 KERR ST. & BUILDING RENOVATION, ADVANCED MASONRY NAME OF PROJECT CONSTRUCTION, INC. ----------------------------------------------------------------------------------- ----------------------------------------------------------------------------------- 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 828 Kerr Street and which is more particularly described as follows: A part of Parcel 5 and the West Half of the vacated alley lying East of and adjacent to Parcel 5 between Garst Street and Kerr Street in the Innerbelt Industrial Park, a Subdivision in the Southeast and Southwest Quarters of Section 11 and the Northeast Quarter of Section 14, all in Township 37 North, Range 2 East of the Second Principal Meridian, City of South Bend, Indiana, the plat of which is recorded in Plat Book 211, page 1, in the Office of the Recorder of St. Joseph County, Indiana, described as follows: Beginning at the intersection of the middle line of said vacated alley with the Northerly line of Parcel 5 extended to the West; thence South 06"11' East, 243.39 feet to the Southerly line of said Parcel 5; thence North W47'37" West along the Southerly line of said Parcel 5 a distance of 211 feet; thence North 06 °11' West, 243.32 feet to the Northerly line of said Parcel 5, thence Easterly along the Northerly line of said Parcel 5 a distance of 212 feet to the place of beginning; together with the South Half of that part of the vacated portion of Kerr Street which lies adjacent to the North of the afore - described property as vacated by Vacation Resolution 113385, 1973, under Record 114, page 404 of the records of the Board of Public Works of the City of South Bend; together with all rights of easements for right of way purposes in common with other contiguous owners over that portion of the East Half of the vacated alley between Garst Street and Kerr Street. with said real estate having the following Key No. 18- -8022- 089401 ,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 IndianaCode 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 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: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common council. 1