Confirming Tax Abatement - South Bend Scrap & Processing Div. 1145-1305 Prairie Ave. (5 Year Personal Property)

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THEREFROM THE FOLLOWING: A parcel of land being a part of the North Half of Section 14, Township 37 North, Range 2 East, City of South Bend, Portage Township, St. Joseph County, Indiana being more particularly described as follows: Commencing at the point of intersection of the Westerly right -of -way line of Prairie Avenue with the South right -of -way line of Garst Street in said City, said intersection point being the most Northeasterly corner of a parcel of land Quit - Claimed to Metal Resources Corporation by Penn Central Corporation in Document No. 8103153 in the Office of the Recorder of St. Joseph County, Indiana, thence South 28 °- 06' -58" West, along said Westerly right -of -way line of Prairie Avenue, a distance of 50.99 feet to a South line of said Metal Resources parcel; thence South 28 °- 16' -39" West along said Westerly right -of -way line, a distance of 700.77 feet to the place of beginning for this description; thence continuing South 280- 16' -39" West along said Westerly right -of -way line, a distance of 220.07 feet to the Northeast corner of a 25.00 foot (by rectilinear measurement) water easement lying North of and adjacent to Lot 1 of Metal Resources Minor Subdivision as the same is shown on the plat thereof, recorded in said Recorder's Office as Instrument No. 8511495, thence North 61 °- 44' -13" West along the North line of said water easement and parallel with the North line of said Lot 1, a distance of 369.14 feet; thence North 28 °- 13' -33" East, a distance of 220.07 feet; thence South 610- 44' -13" East, parallel with said North line of Lot 1, a distance of 368.08 feet to the place of beginning. PARCEL III: A non - exclusive easement for ingress and egress over and across Lot 2 shown on the recorded plat of Metal Resources Minor Subdivision, recorded June 13, 1985 as Document Number 8511495 and set out in Deed Record 659, page 281 acknowledged December 28, 1964 and recorded January 13, 1965 and also set out in Deed Record 657, page 131, dated October 13, 1964 and recorded October 28, 1964 all in the Office of the Recorder of St. Joseph County, Indiana. with said real estate having the following Key No. A: 18 8021 084104, 18 8021 0847, 18 8021 084717 and 18 8021 084718. B: 18 8021 084702, 18 8021 084707 and 18 8021 084709, be designated 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 -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 Personal 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. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted Personal property tax deduction for a period of five ( 5 ) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1- 12.1etse .