Confirming Tax Abatement - Toll Road Industrial Partners II L.P. Lot 2 Toll Road Industrial Park Phase 2 (10 Year Real Property)

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RESOLUTION NO. a� 187- I q A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS LOT 2 TOLL ROAD INDUSTRIAL PARK PHASE TWO, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN -YEAR REAL PROPERTY TAX ABATEMENT FOR TOLL ROAD INDUSTRIAL PARTNERS II L.P. 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 Lot 2 Toll Road Industrial Park Phase Two and which is more particularly described as follows: That part of the northeast quarter of Section 21, T. 38 N., R. 2 E., German Township, City of South Bend, St. Joseph County, Indiana which is described as: beginning at a point which is S. 88 degrees- 53' -01" W., 466.92 ft. from a point on the east line of said section which is S. 01 degrees- 00'21" E., 187.15 ft. from the east quarter post of said section; thence S. 88 degrees- 53' -01" W., 463.00 ft.; thence N. 00 degrees- 59' -02" W., 480.00 ft.; thence N. 88 degrees- 52' -10" E., 463.00 ft. to the west line of William Richardson Court; thence along said west line and a 60.00 ft. radius curve to the left an arc distance of 81.33 ft. to the end of a chord which bears S. 39 degrees- 48' -56" E. and having a distance of 75.24 ft.; thence S. 52 degrees- 08' -46" W., 58.98 ft.; thence S. 00 degrees- 59' -02" E., 386.12 ft. to the point of beginning. Containing 5.1378 acres. and which has Key Number 25- 1013 -0216. o$ be designed as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1 et seg.. and South Bend Municipal Code Sections 2 -76 et sea.. and WHEREAS, notice of adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 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