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RESOLUTION NO.
<br />A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION
<br />DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA,
<br />COMMONLY KNOWN AS
<br />4320 RALPH JONES COURT
<br />TO BE AN ECONOMIC
<br />REVITALIZATION AREA FOR PURPOSES OF A 10 YEAR REAL PROPERTY TAX
<br />ABATEMENT FOR
<br />BHD Properties, LLC
<br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution
<br />designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement
<br />consideration; and
<br />WHEREAS, a Declaratory Resolution designated the area commonly known as 4320 Ralph Jones Court and
<br />which is more particularly described as follows:
<br />A parcel of land in the Northeast Quarter of Section 21, 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 21: thence North 88 53' 36" East, 450.58 feet: thence North 00 56' 57"
<br />West, 1660.16 feet to the Point of Beginning: thence continuing North 00 56' 57" West, 350.00 feet: thence North
<br />88 53' 36" East, 877.01 feet: thence South 00 56' 57" East, 366.66 feet: thence South 88 53' 36" West, 394.20 feet
<br />Southwesterly along a curve to the right, 18.36 feet, having a radius of 60.00 feet, subtended by a chord, having a
<br />bearing of South 23 36' 21" West, and a distance of 18.78 feet: thence Southwesterly along a curve to the left,
<br />having a radius of 60.00 feet, subtended by a chord, having a bearing of South 15 49' 50" West, and a distance of
<br />34.64 feet: thence South 89 03' 21" West, 80.00 feet: thence Northwesterly along a curve to the left, having a
<br />radius of 60.00 feet, subtended by a chord, having a bearing of North 17 43'37" West, and a distance 34.64 feet:
<br />thence Northwesterly along a curve to the right, having a radius of 60.00 feet, subtended by a chord, having a
<br />bearing of North 17 36' 18" West, and a distance of 34.88 feet: thence South 88 53' 36" West, 365.00 feet to the
<br />Point of 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 />with said real estate having the following Key No. 25- 1013 - 0211.08, as an Economic Revitalization Area; and
<br />WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has
<br />been published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and
<br />WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections
<br />from interested person; and
<br />WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been
<br />met.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as
<br />follows:
<br />SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described
<br />herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real
<br />property tax abatement only and is limited to two (2) calendar years from the date of adoption of the
<br />Declaratory Resolution by the Common Council.
<br />SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted
<br />Real property tax deduction for a period of Ten (10) years, and further determines that the petition complies
<br />with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1 -12.1 et sM.
<br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common
<br />Council and approval by the Mayor.
<br />PRESENTED S! O jA
<br />NOT APPROVIM
<br />ADOPTED.
<br />Filed in Cleric's Office
<br />MAR 2
<br />tRENE GAMMON
<br />CRY CLERK, 30. SPND, RL
<br />of the
<br />Page I
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