Designating Tax Abatement - Miles Distributors Inc. 2525 N. Foundation Dr.(3 Year Real Property)

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RESOLUTION NO. -910"W 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 2525 N. FOUNDATION DRIVE, SOUTH BEND, IN, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR MILES DISTRIBUTORS, INC. winracuAS, a pennon for real property tax abatement nas been tuea witn the c aty Uierx for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as 2525 N. Foundation Drive, South Bend, Indiana, and which is more particularly described as follows: A tract of land in the Southwest Quarter of Section 28, Township 38 North, Range 2 East, St. Joseph County, Indiana described as Lot 3-4 of Airport Industrial Park, Phase III, more particularly described as follows: Commencing at the Southeast corner of said Section 28; thence N 90oOO'00" W a distance of 2642.71 feet on and along the South line of said Section; thence S 89057133" W a distance of 171.27 feet along the South line of said Quarter Section; thence N 00°00'47" E along the centerline of Foun- dation Drive a distance of 1090.00 feet; thence N 89°59'13" W a distance of 40.00 feet to the West line of Foundation Drive and the true place of beginning; thence N 89°59'13" W a distance of 450.00 feet; thence N OOoOO'47" E a distance of 210.00 feet; thence S 89059'13" E a distance of 450.00 feet; thence S 00°00'47' W a distance of 210.00 feet to the place of beginning. and which has Key Number 25- 1010 - 040004, be designated as an Economic Revitaliza- tion Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et sea. and South Bend Municipal Code Sections 2 -76 et sea.. 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 sea., and South Bend Municipal Code Sections 2 -76, et sea. 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 Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et sea., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et sea., for tax abatement. SECTION 11. The Common Council hereby determines and finds (Revised 11/26/90) Filed ftL ' VF'M4ri U� 2 5 t °4 My aLr .r' ew.. lIiEWID, N.