Designating Tax Abatement - Toll Road Industrial Partners L.P. Lot 18C Toll Road Industrial Park (5 Year Personal Property)

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RESOLUTION NO. ad / v G - 9'5e 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 18C TOLL ROAD INDUSTRIAL PARK, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN -YEAR REAL PROPERTY TAX ABATEMENT FOR TOLL ROAD INDUSTRIAL PARTNERS L.P. 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 18C Toll Road Industrial Park, South Bend, and which is more particularly described as follows: A parcel of land in the southeast quarter of Section 21, Township 38 North, Range 2 East, German Township, St. Joseph County, Indiana and described as follows: Beginning at the northeast comer of the southeast quarter of said Section 21: Thence north 00 degrees 45' 45" west along the east line of Lot 18 -B of Gainey's replat of Lot 20, Section 1 and Lot 18, Section 6, Toll Road Industrial Park, as recorded under Instrument Number 9029253, dated October 19, 1990, in the Office of the Recorder, St. Joseph County, Indiana, a distance of 943.54 feet to the northeast comer of said Lot 18 -B; thence south 88 degrees 53' 36" west along the north line of Lot 18 -B, a distance of 932.88 feet; thence south 00 degrees 56' 57" east, along the west line of Lot 18 -B, a distance of 1130.08 feet; thence north 88 degrees 53' 36" east, a distance of 930.01 feet to the east line of Lot 18 -B; then north 01 degrees 00' 44" west, along the east line of Lot 18 -B, a distance of 186.55 feet to the place of beginning, and containing 24.1557 acres, more or less, and is subject to any easement, restrictions and /or covenants of record. and 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. sea 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 ems., and South Bend Municipal Code Sections 2 -76, etetseg., 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: