Confirming Tax Abatement - Richard Allen Northeast Corner of Main St. & Broadway St. (10 Year Real Property)

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RESOLUTION NO. o2 /3y - JSG A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS THE NORTHEAST CORNER OF MAIN STREET AND BROADWAY STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR RICHARD ALLEN 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 the northeast corner of Main Street and Broadway Street and which is more particularly described as follows: That part of the Northwest Quarter of Section 13, Township 37, North, Range 2 East, Portage Township, which is described as: Lots 17, 18, 19 and 20 of the recorded Plat of "Stull's Third Addition to the City of South Bend" as shown in Plat Book #6, on Page #109 in the records of the St. Joseph County, Indiana Recorder's Office and being more particularly described as: Beginning at the Southwest Corner of Lot 20 of the recorded Plat of "Stull's Third Addition to the City of South Bend" as shown in Plat Book #6, on Page #109 in the records of the St. Joseph County, Indiana Recorder's Office said point also being the intersection of the East right -of -way line of Main Street and the North right -of -way line of Broadway Street; thence N. 00 °19'52" W. along said East line, 264.24 ft. (Record, 264.0 ft.) to the Northwest comer of Lot 17 in said Subdivision; thence N. 89 °30'02" E. along the North line of said Lot, 165.70 ft. (Record, 165.75 ft.) to the West right -of -way line of a 14 ft. public alley and the Northeast corner of said Lot 17; thence S. 00 °17'54" E. along said West line, 264.50 ft. (Record, 264.0 ft.) to the North right -of- way line of Broadway Street, and the Southeast corner of said Lot 20; thence S. 89 °35'32" W. along the South line of said Lot and North right -of -way line, 165.55 ft. (Record, 165.75 ft.) to the Point of Beginning with said real estate having the following Key No.: 18- 8004 -0209 through 18- 8004 -0215, 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 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.