Confirming Tax Abatement - University Commons Joint Venture 4401 Western Ave. (3 Year Real Property)

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RESOLUTION NO.,9 ' 741 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4401 WESTERN AVENUE, SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR UNIVERSITY COMMONS JOINT VENTURE 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 4401 Western Avenue, South Bend, Indiana, and which is more particularly described as follows: PART OF THE NORTHWEST QUARTER OF SECTION 9, TOWNSHIP 37 NORTH, RANGE 2 EAST, CITY OF SOUTH BEND, INDIANA, DESCRIBED AS PART OF BLOCKS 'B" & "F" AS SHOWN ON THE RECORDED PLAT OF GARDEN VILLAGE 2ND UNIT AND A PART OF BLOCKS LETTERED "X& 'B" AS SHOWN ON THE RECORDED PLAT OF GARDEN VILLAGE 3RD UNIT. THE PARCEL IS MORE PARTICULARLY DESCRIBED AS: Beginning at a point on the East line of Lombardy Drive, 150 feet North of the Southwest corner of said Block Lettered 'B'; thence North along said East line of Lombardy Drive, 392.15 feet to a point 210 feet North of the Southwest corner of said Block Lettered "A "; thence East parallel with the South line of said Block Lettered "A ", 583.93 feet to the Westerly line of the recorded Plat of part of Block "F" in Garden Village 2nd Unit and part of Block "A" in Garden Village 3rd Unit, an Addition to the City of South Bend; thence Southeasterly along said Westerly line of recorded plat 125.09 feet to a point; thence continuing Southeasterly along said Westerly line of recorded plat, 199.86 feet to the Southeasterly corner of Lot 523 as shown on said recorded plat of part of Block "F" and Block "A'; thence East along the North line of said Block Lettered "E ", 105.44 feet; thence Northeasterly along a line perpendicular to the Westerly line of Villageway, 56.53 feet to the Westerly line of Villageway; thence Southeasterly along said Westerly line of Villageway, 70 feet to the point of tangency of curve; thence continuing Southeasterly along said curved Westerly line of Villageway, 202.48 feet arc measurement to the Northeast corner of a tract of land conveyed to Chester W. Waggoner by Colpaert Realty Corporation, by virtue of a warranty deed dated June 20, 1969 and recorded July 1, 1969 in Deed Record 716, page 65, in the Office of the Recorder of St. Joseph County, Indiana; thence West along the North line of said Waggoner tract, 210.93 feet; thence south along the West line of said Waggoner tract, 168 feet to the North line of Western Avenue; thence West along said North line of Western Avenue 231.57 feet to the West line of said Block Lettered "E'; thence North along said West line of Block Lettered "E ", 2.65 feet to the Southeast corner of said Block Lettered "B"; thence Westerly along the Northerly line of Western Avenue, 543.29 feet to a point 150.01 feet Easterly of the Southwest corner of said Block Lettered "B "; thence North parallel with the West line of said Block Lettered 'B ", 151.16 feet; thence West parallel with the North line of said Block Lettered "B ", 150 feet to the place of beginning.