Confirming Tax Abatement - Policemen's Federal Credit Union 1142 S. Main St. (3 Year Real Property)

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RESOLUTION NO. D U �2 - 93 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 1142 SOUTH MAIN STREET, SOUTH BEND, INDIANA, 46618 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR POLICEMEN'S FEDERAL CREDIT UNION 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 Main 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, City of South Bend, St. Joseph County, Indiana, which is described as: Lots H, I, K, L and M 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 M of the recorded Plat of "Stull's Third Addition to the City of South Bend" as shown in Plat Book #6, 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 Stull Street; thence N. 00 °- 23' -38" W. along said east line, 198.25 ft. (Record, 198.0 ft.) to the northwest corner of Lot H in said Subdivision; thence N. 891- 21' -44" E. along the north line of said Lot, 165.83 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; thence S. 000- 30' -02" E. along said west line, 198.37 ft. (Record, 198.0 ft.) to the north right -of -way line of Stull Street and the southeast corner of said Lot M; thence S. 89 °- 24' -32" W. along said north right -of -way line, 166.20 ft. (Record, 165.75 ft.) to the Point of Beginning. Containing 0.7758 acres or 32,923 square feet. with said real estate having the following Key Nos. 18- 8004 -0195; 18- 8004 -0197; 18- 8004 -0198; 18- 8004 -0199; 18- 8004 -0200, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and, WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax