Designating Tax Abatement - Richard Allen Northeast Corner of Main St. and Broadway St. (10 Year Real Property)

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RESOLUTION NO. 02102 7— y'SC 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 THE NORTHEAST CORNER OF MAIN STREET AND BROADWAY STREET, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A TEN (10) YEAR REAL PROPERTY TAX ABATEMENT FOR RICHARD ALLEN 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 the northeast corner of Main Street and Broadway Street, South Bend, Indiana, and which is more particularly described as follows: That part of the Northwest Quarter of Section 13, Township 37, North, Range 2 East, Portage Township, which is described as: Lots 17, 18, 19 and 20 of the recorded Plat of "Stull's Third Addition to the City of South Bend" as shown in Plat Book #6, on Page #109 in the records of the St. Joseph County, Indiana Recorder's Office and being more particularly described as: Beginning at the Southwest Corner of Lot 20 of the recorded Plat of "Stun's Third Addition to the City of South Bend" as shown in Plat Book #6, on Page #109 in the records of the St. Joseph County, Indiana Recorder's Office, said point also being the intersection of the East right -of -way line of Main Street and the North right -of -way line of Broadway Street; thence N. 00 °19'52" W. along said East line, 264.24 ft. (Record, 264.0 ft.) to the Northwest corner of Lot 17 in said Subdivision; thence N. 89 °30'02" E. along the North line of said Lot, 165.70 ft. (Record 165.75 ft.) to the West right -of -way line of a 14 ft. public alley and the Northeast corner of said Lot 17; thence S. 00 017'54" E. along said West line, 264.50 ft. (Record, 264.0 ft.) to the North right -of- way line of Broadway Street and the Southeast corner of said Lot 20; thence S. 89 °35'32" W. along the South line of said Lot and North right -of -way line, 165.55 ft. (Record, 165.75 ft.) to the Point of Beginning. and which has Key Number 18- 8004 -0209 through 18- 8004 -0215, 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 etsea., 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 LN., and South Bend Municipal Code Sections 2 -76, et sea., 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: SECTION I. The Common Council hereby determines and finds that the Petition for Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of Indiana Code 6 -1.1- 12.1 -1 et sea., for tax abatement. SECTION H. The Common Council hereby determines and finds the following: