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RESOLUTION N0. .2111,7—,9
<br />A RESOLUTION OF TIME COMMON COUNCIL OF THE
<br />CITY OF SOUTH BEND DESIGNATING CERTAIN
<br />AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS
<br />4320 RALPH JONES COURT
<br />AN ECONOMIC REVITALIZATION AREA FOR
<br />PURPOSES OF A 10 YEAR REAL PROPERTY TAX ABATEMENT FOR
<br />BHD Properties LLC
<br />WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by
<br />the Common Council of the City of South Bend. Indiana, requesting that the area commonly known as 4320
<br />Ralph Jones Court, South Bend, Indiana, and which is more particularly described as follows:
<br />A parcel of land in the Northeast Quarter of Section 2l, Township 38 North, Range 2 East, of German Township,
<br />St. Joseph County, Indiana and described as follows:
<br />Commencing at the center of said Section 2 L thence North 88 53' 36" East, 450.58 feet: thence North 00
<br />56' 57" West, 1660.16 feet to the Point of Beginning: thence continuing North 00 56' 57" West, 350.00
<br />feet: thence North 88 53' 36" East, 877.01 feet: thence South 00 56' 57" East, 366.66 feet: thence South
<br />88 53' 36" West, 394.20 feet Southwesterly along a curve to the right, 18.36 feet, having a radius of
<br />60.00 feet, subtended by a chord, having a bearing of South 23 36' 21" West, and a distance of 18.78
<br />feet: thence Southwesterly along a curve to the left, having a radius of 60.00 feet. subtended by a chord,
<br />having a bearing of South 15 49' 50" West, and a distance of 34.64 feet: thence South 89 03' 21" West,
<br />80.00 feet: thence Northwesterly along a curve to the left, having a radius of 60.00 feet, subtended by a
<br />chord, having a bearing of North 17 43'37' West, and a distance 34.64 feet: thence Northwesterly along a
<br />curve to the right, having a radius of 60.00 feet, subtended by a chord, having a bearing of North 17 36'
<br />18" West, and a distance of 34.88 feet: thence South 88 53' 36" West. 365.00 feet to the Point of
<br />Beginning and containing 7.3514 acres, more or less, and contains 2 lots numbered 10 and 11, and is
<br />subject to all rights -of -way, easements, restrictions and or covenants of record.
<br />and which has Key Number 25-1013-0211.08, be designated as all Economic Revitalization Area under the
<br />provisions of Indiana Code 6- 1.1 -12. I -1 et se q., and South Bend Municipal Code Sections 2 -76 ct seq., and
<br />WHEREAS, the Department of Economic Development has concluded an investigation and prepared a report
<br />with information sufficient for the Common Council to determine that the area qualifies as an Economic
<br />Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et sue., and South Bend Municipal Code Sections 2 -76 ct
<br />scc ., and has further prepared maps and plats showing the boundaries and such other information regarding the
<br />area in question as required by law, and
<br />WHEREAS. the Human Resources and Economic Development Committee of the Common Council has
<br />reviewed said report and recommended to the Common Council that the area qualifies as an Economic
<br />Revitalization Area.
<br />NOW THEREFORE, BE 1T RESOLVED by the Common Council of the City of South Bcnd, Indiana, as
<br />follows:
<br />SECTION 1. The Common Council hereby determines and finds that the Petition for Real Property Tax
<br />Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana
<br />Code 6- 1.1 -12. I -1 et seg., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et
<br />seq., for tax abatement.
<br />SECTION 11. The Common Council hereby detennines and finds the following:
<br />(A) That the description of the proposed redevelopment or rehabilitation meets the applicable
<br />standards for such development.
<br />(B) That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects
<br />of this nature;
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