Confirming Tax Abatement - Martin's Realty Co. Corner of Elwood & Portage Ave. (3 Year Real Property)

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RESOLUTION NO. a-Q 22 -9 4- A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS CORNER OF ELWOOD AND PORTAGE AVENUE, SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR MARTIN'S REALTY CO. 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 the Corner of Elwood and Portage Avenues, South Bend, Indiana, and which is more particularly described as follows: A tract or parcel of land in the North West Quarter of Section No. 2 in Township No. 37 North, Range No. 2 East, being in the City of South Bend, described as follows, viz: Beginning at a point on the South line of Elwood Avenue, which point is 20 feet South and 975 feet East of the Northwest corner of the Northwest 1/4 of Section 2, Township 37 North, Range 2 East, running thence South 1184.17 feet more or less to the Northerly line of the Chicago, Indiana & Southern Railroad Company's right -of -way; thence Northeasterly along said Northerly line of said Chicago, Indiana & Southern Railroad Company's right -of -way 1063.7 feet to the Southwesterly line of Portage Avenue; thence Northwesterly along said Southwesterly line of Portage Avenue 389.5 feet to the South Line of Elwood Avenue; thence West along the South line of Elwood Avenue 363.4 feet to the place of beginning. Excepting therefrom the following described parcel, beginning in the Southwesterly line of Portage Avenue in said City of South Bend, at a point South 37 degrees 48 minutes East 197.0 feet from the intersection of the South line of Elwood Avenue with the Southwesterly line of said Portage Avenue running thence South 37 degrees 48 minutes East along said Southwesterly line of said Portage Avenue, 152.0 feet to a point 39.5 feet, measured at right angles from the Northwesterly right -of -way line of the Chicago, Indiana & Southern Railroad; thence South 37 degrees 20 minutes West 103.6 feet on the long chord of a curve to the left, which curve is parallel to and at all points 39.5 feet distant from the said Northwesterly right -of -way line of said Chicago, Indiana & Southern Railroad; thence North 37 degrees 48 minutes West 178.65 feet; thence North 52 degrees 12 minutes East 100 feet to the place of beginning. Also excepting therefrom the following described parcel, beginning at the intersection of the Westerly line of Portage Avenue and the South line of Elwood Avenue in the City of South Bend, Indiana, thence Southeasterly along the Westerly line of Portage Avenue 112 feet; thence angle Southwesterly 90 degrees a distance of 80 feet; thence Northwesterly parallel with the Westerly line of Portage Avenue, 123.75 feet; thence North 39.57 feet, to the South line of Elwood Avenue, said point being 70.4 feet West of the intersection of said Elwood Avenue and Portage Avenue; thence East along the South line of Elwood Avenue 70.4 feet to the place, of beginning.