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

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RESOLUTION NO. QQ /- 90� 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 1142 SOUTH MAIN STREET, SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A THREE YEAR REAL PROPERTY TAX ABATEMENT FOR POLICEMEN'S FEDERAL CREDIT UNION 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 South 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. 890- 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. 00 °- 30' -02" E. along said west line, 198.37 £t. (Record, 198.0 ft.) to the north right -of -way line of Stull Street and the southeast corner of said Lot M; thence S. 890- 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. and which has Key Number 18- 8004 -0191; 18- 8004 -0193; 18 -8004 -0195; 18- 8004 -0197; 18- 8004 -0198; 18- 8004 -0199; 18- 8004 -0200, 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 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, et seq., and South Bend Municipal Code Sections 2 -76, et seq., 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: