Designating Tax Abatement - Schafer Gear Works, Inc. Building Expansion 814 S. Main St. (10 Year Real Property)

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RESOLUTION NO. �21 �D - ?_'k 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 814 S. MAIN STREET SOUTH BEND, INDIANA 46601 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN YEAR REAL PROPERTY TAX ABATEMENT FOR SCHAFER GEAR WORKS, INC. BUILDING EXPANSION 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 814 South Main street, South Bend Indiana, and which is more particularly described as follows: PARCEL "A ": That part of the South west Quarter of the Section 12, Township 37 North, Range 2 East, Portage Township, City of South Bend, St., Joseph County, Indiana which is described as Lot # 259 and the North 30 ft. of lot # 260 together with the west half of a vacated alley adjacent to said portion of lot # 260 within the recorded plat of " Daniel Garst's Subdivision of a part of his 1st Addition of South Bend City, now within and a part of the City of South Bend " and being more particularly described as: Beginning at a point of intersection of the South right -of -way line of Tuft Street and the East right -of -way line of Main Street said point also being the Northwest corner of Lot 259 as shown on the Plat of " Daniel Garst's Subdivision of a part of his 1st Addition of South Bend City, now within and a part of the City of South Bend " as Recorded; thence N.89 °- 48' -24" E. along said South right -of -way line, 140.10 ft. (Record 138.5') to the Northeast Corner of said Lot 259; thence S. 00 °- 16' -35" E. along said East Lot line, 64.41 ft. (Record 64.0 ft.) to the Southeast Corner of said Lot 259; thence N. 890- 47' -48" E., 6.00 ft.; thence S. 00 °- 16' -35" E., 30.19 ft. (Record 30.0 ft.); thence S. 89 °- 47' -34" W., 145.77 ft. to the East right - of -way line of Main Street; thence N. 00 °- 28' -33" W. along said East line, 94.65 ft. to the Point of Beginning. Containing 0.3081 acres or 13,423 square feet. Subject to all legal highways, easements and restrictions of record. And which has Key Number _1830421630 ; and PARCEL "B": All lots numbered Two Hundred Eleven (211) and Two Hundred Twelve (212) as shown on the recorded Plat of Daniel Garst's 1st addition to the South Bend City, now within and part of the City of South Bend. And which has Key Number _1830421631_ be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code Sections 2 -7 et seq., 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, at seq., and South Bend Municipal Code Sections 2 -76, et seq., 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.