Confirming Tax Abatement - Lock Joint Tube Inc. 1400 Riverside Dr. (10 Year Real Property)

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RESOLUTION NO. X995 -9a i \1aV11AL1 GL'111V1V axle rvR PURPOSES OF A 10 YEAR REAL PROPERTY TAX ABATEMENT FOR LOCK JOINT TUBE INC. InE�a� as agt9CauDelorso ue$adiia h Common Council of Rejutiondsgn�ing reaslfrtppstof tyE emosdran ;lanA orhe uoe aaxabaatemntcnietio d WHEREAS, a Declaratoryy Resolution designated the Brea commgnly known as 1400 Riverside Drive and which is more particularly described as follows: Beginning $t the Southeast corner of the Southwest 1/4 of said, section 35; thence South 89 49152" Wgst (bearing assumed) along N the South line of said section 308.97 feet, thence orth 89 55'00" West 116.24 feet* thence North 00 00'27" West, 12.00 feet to the North line of a 12 fgot alley- thence North 89 55'00" West along said North line of alley 236.61 feet to a point 120.00 feet South 89 55'00" East q the East line of Kessler Boulevard, 128.00 feet to a point on the South line of King Street, 180.00 feet South 89 5511811 East of the Northeast corner of Lot 10 as of on the Apprilt6We1906dintPlattBook 0, page$ 30 and 31; thence South 89 55'18" East along the South line of King Street 352.84 feet; thence North 00 00'27" West 194.85 feet to a point on the centerline of the East ana West 14 foot alley between King Street and McCartney street produced East, thence North 00 06109" East 128.81 feet; thence North 89 4¢'49" East 287.05 feet to the Westerly line of Riverside Drive; thence Soutl} 16 RivexsidesDrive ,�g455.43rfeetbtonthegSouth lineeof said of section 35; thence North 90 00100" West along said South line, 156qc.71 feet to the point of the beginning. sectionl35;athengeSNortha90 0013011 of the said alongq the East line of said Southwest 1/4 a distance of 463.14 feet to the Point of $eg:�nning for the followin describe4 tract; thence continuing North 00 00'30" West along said East line 336.00 feet o the South line of ?peen Street; thence south 89 56109" West along said South Line of Queen Street 176.60 feet; thence North 00 02136" East 195.jj0��0 feet to the 7 centerline of the East and West 14 Southa89eS 610911 between saaidtcenterrllne Street; 131.27 feet; thegce South 00 0610911 West along the test line of Lot 145 in the Third Plot of Northwes Addition recgrded March 7, 1907 in Plat yBook 911 page 69 in the andlSoutherly extensions C195to0Rfeetato the South Northerly MMe Street, thence South 89 56'09" West along said South e of pueen Street, 12.93 feet to the East line of Allen Street; thence South 00 05151" West along sgid East line of Allen Street 329.87 feet to the SoutFi line of McCartney Street; thence South 89 58127" East along said South line of McCartney Street, 12.91 feet; thence South 00 06 1 09 West 6.11 feet; thencq Nqrth 89 56'09" East 308.7 feet to the Point of beginning. with said real estate having the following Key No. 18 -2110- 4067, as an Economic Revitalization Area; and aandRthe,publicehearing adoption of pursuant to Indiana Code 6 -1.1- 12.1 -2.5; and ofEhearinghalloremonstrancespandlobjectionsffr omhMerested persons; and WHEREAS, the gouncil ha$ determined that the qualifications for an economic revitalization area have been met.