Confirming Tax Abatement - One Plaza Place Associates 210 S. Michigan St. (10 Year Real Property)

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RESOLUTION NO. mid A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 210 SOUTH MICHIGAN STREET TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN YEAR REAL PROPERTY TAX ABATEMENT FOR ONE PLAZA PLACE ASSOCIATEu:: 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 210 South Michigan Street and which is more particularly described as follows: PART OF LOTS 57 AND 58, ORIGINAL PLAT OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF LOT 58; THENCE SOUTH 000- 31' -55" EAST ON THE WEST LINE OF SAID LOT 58, A DISTANCE OF 44.98 FEET TO THE POINT OF BEGINNING; THENCE NORTH 890- 38' -45" EAST PARALLEL TO THE NORTH LINE OF SAID LOT 58, A DISTANCE OF 32.43 FEET; THENCE NORTH 000- 31' -55" WEST PARALLEL TO THE WEST LINE OF LOTS 57 AND 58, A DISTANCE OF 6.98 FEET; THENCE NORTH 890- 38' -45" EAST PARALLEL TO THE NORTH LINE OF SAID LOT 58, A DISTANCE OF 2.00 FEET; THENCE NORTH 450- 19' -29" EAST, A DISTANCE OF 21.735 FEET; THENCE SOUTH 460- 01' -59" EAST, A DISTANCE OF 21.735 FEET; THENCE NORTH 890- 38' -45" EAST PARALLEL TO THE NORTH LINE OF SAID LOT 58, A DISTANCE OF 2.00 FEET; THENCE SOUTH 000- 31' -55" EAST PARALLEL TO THE WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 6.98 FEET; THENCE NORTH 890- 38' -45" EAST PARALLEL TO THE NORTH LINE OF SAID LOT 58, A DISTANCE OF 36.10 FEET; THENCE SOUTH 000- 31' -55" EAST PARALLEL TO THE WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 47.35 FEET; THENCE SOUTH 890- 38' -45" WEST PARALLEL TO THE NORTH LINE OF SAID LOT 58, A DISTANCE OF 4.32 FEET; THENCE SOUTH 000- 31' -55" EAST PARALLEL TO THE WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 6.695 FEET; THENCE SOUTH 890- 37' -35" WEST PARALLEL TO THE SOUTH LINE OF SAID LOT 57, A DISTANCE OF 6.31 FEET; THENCE SOUTH 000- 31' -55" EAST PARALLEL TO THE WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 0.755 FEET; THENCE SOUTH 890- 37' -35" WEST PARALLEL TO THE SOUTH LINE OF SAID LOT 57, A DISTANCE OF 93.00 FEET TO THE WEST LINE OF SAID LOT 57; THENCE NORTH 000- 31' -55" WEST ON THE WEST LINE OF SAID LOTS 57 AND 58, A DISTANCE OF 54.83 FEET TO THE POINT OF BEGINNING. with said real estate having the following Key No.18- 3003 -0046 , 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