Designating Tax Abatement - University Commons Joint Venture 4401 Western Ave. (3 Year Real Property)

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beginning at the Northwest intersection of Village Way and Western Avenue; thence West along the North line of Western Avenue 125 feet; thence North on a line parallel with the West line of Village Way (the 69.85 foot tangent running North from Western Avenue) 125 feet; thence East on the line parallel with the North line of Western Avenue 120.62 feet to the Westerly line of Village Way; thence Southeasterly along said Westerly line of Village Way to the place of beginning. PARCEL III: A part of Block Lettered "E" as shown on the recorded Plat of Garden Village 2nd Unit Addition to the City of South Bend, Indiana, more particularly described as follows: Commencing at a point on the North line of Western Avenue, 225 feet West of the West line of Village Way, said point being the Southwest corner of a tract of land conveyed to Chester W. Waggoner by Colpaert Realty Corporation, by virtue of a warranty deed dated April 4, 1969 and recorded April 10, 1969 in Deed Record 712, page 428 in the Office of the Recorder of St. Joseph County, Indiana; thence North along the West line of said Waggoner tract, 143 feet to the point of beginning for the following described tract of land; thence continuing North along a line, said line being the West line of said Waggoner tract extended North, 25 feet; thence East parallel with said North line of Western Avenue, 210.93 feet to the Westerly line of Village Way; thence Southeasterly along said Westerly line of Village Way 25.82 feet; arc measurement to the Northeast corner of said Waggoner tract; thence West along the North line of said Waggoner tract, 217.25 feet to the place of beginning. PARCEL IV: A part of Block Lettered "E" as shown on the recorded Plat of Garden Village 2nd Unit Addition, in the City of South Bend, Indiana, more particularly described as follows: Beginning at a point on the North line of Western Avenue, 125 feet West of the West line of Village Way, said point being the Southwest corner of a tract of land conveyed to the Phillips Petroleum Company by Belleville Investment Company by virtue of a Warranty Deed dated September 27, 1960 and recorded October 5, 1960 in Deed Record 606, page 197 in the Office of the Recorder of St. Joseph County, Indiana; thence continuing West 100 feet; thence North along the line parallel with the West line of said Phillips Petroleum Company tract 143 feet; thence East parallel with said North line of Western Avenue 217 feet, more or less to the Westerly line of Village Way; thence Southeasterly along said Westerly line of Village Way to the Northeast corner of said Phillips Petroleum Company tract; thence West along the North line of said Phillips Petroleum Company tract 120.62 feet; thence South 125 feet to the place of beginning. and which has Key Numbers 18- 4124 -4818 18- 4124 - 481801. and 18- 4124 - 481802, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1-1 et seq., and South Bend Municipal Code Sections 2 -76 et seq.; 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 et5gcj., and qualifies under the relevant provisions of South Bend Municipal Code Sections 2 -76 et sec , for tax abatement.