Designating 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. Q I � `i - 9 `-1 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 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, 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 Lot 2 Toll Road Industrial Park Phase Two, South Bend, 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 the beginning. Containing 5.1378 acres. and has Key Number _ Economic Revitalization 6- 1.1- 12.1 -1 et. sea and sea.. and; 25- 1013 - 0216.08 be designated as an Area under the provisions of Indiana Code South Bend Municipal Code Sections 2 -76 et 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 sec ., and South Bend Municipal Code Sections 2 -76, et seg., 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: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of