Designating Tax Abatement - Rick E. & Vickie D. Newman d/b/a Crystal Mountain, Inc. Lot 4 Toll Road Industrial Park (3 Year Real Property)

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RESOLUTION NO. 21-54� _ q-$l 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 4, TOLL ROAD INDUSTRIAL PARK, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE (3) YEAR REAL PROPERTY TAX ABATEMENT FOR RICK E. AND VICKIE D. NEWMAN (DBA: CRYSTAL MOUNTAIN, INC.) 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 4, Toll Road Industrial Park, South Bend, Indiana, 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 on the East line of said section which is N. 00° - 50' -42" W., 315.78 ft. from a stone marking the East Quarter post of said section; thence S. 88° - 53' -01" W., 347.61 ft. to the East line of William Richardson Court; thence along said East line N. 00° - 59' -02" W., 4.91 ft.; thence around a 60.00 ft. radius curve to the left an arc distance of 52.86 ft. to the end of a chord which bears N. 26° - 13' -24" W. and having a distance of 51.17 ft.; thence around a 50.00 ft. radius curve to the right an arc distance of 44.05 ft. to the end of a chord which bears N. 26° - 13' -24" W. and having a distance of 42.64 ft.; thence N. 00° - 59' -02" W., 255.14 ft.; thence N. 88° - 53' -01" E., 388.45 ft. to the East line of said section; thence along said East line S. 00° - 50' -42" E., 345.00 ft. to the point of beginning. Containing 3.0283 acres and which has Key Number 25 -1013 -0216, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6- 1.1- 12.1 -1 et sN., 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 se q., 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., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: A. That the description of the proposed redevelopment or rehabilitation meets the applicable standards for such development. B. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of this nature; C. That the estimate of the number of individuals who will be employed or whose