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

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RESOLUTION NO. /V- 9A LOCK JOINT TUBE INC. W,EREAS, a petition for real property ta* abatement has been filled with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana rgquestint that the area commonly known as 1400 Riverside Drive, South Bend, Indiana, and which is more particularly described as follows: Beginning at the Southeast corner of the Southwest 1/4 of said, section 35; thence Squth 89 49152" Wgst (bearing assumed) along the South line of said section 308.97 feet; thence North 89 55'00" West 116.24 feet- thence North 00 00'27" West, 12.00 feet to the North dine of a 12 fgot alley; hence North 89 55'00" West along said North line of alley 236.61 feet to a point 120.00 feet South 89 55100" East 9t the East line of Kessler Boulevard, 128.00 feet to a point on the South line of King Street, 180.00 feet South 89 55118" East of the Northeast corngrof Lot 10 as shown on the second plat of Northwest addition to the city of South Bend recorded April 6 1906 in Plat Book SouthglineOofnKingg Street, 352.848feet;ithencetNorthg00he 00'27" West 194.85 feet to a point on the, centerline of the East and West 14 foot alley between King Street and McCartney street produced East, thence NortFi 00 06109" East 128.81 feet; thence North 89 4¢'49" East 287.05 feet to the Westerly line of Riverside Drive; thence South 16 37115" West along a chord subtending said Westerly line of Riverside Drive, 455.43 feet to the South line of said section 35; thence North 90 00100" West along said South line, 156.71 feet to the point of the beginning. Commgncing at the Southeast corner of the 1/4 of said section 35; thence North QO 00130" West (bearing ssumed) along the East line of said Southwest 1/4 a distance of 463.14 feet to the Point of $eginning for the followinct described tract; thence continuing North 00 00'30" Wes£ along said East line 336.00 feet to the South line of TVeen Street; thence south 89 56109" West along said South ine of Queen Street 176.60 feet; thence North 00 02136" East 195.00 feet to the centerline of the East and West 14 foot alley between Ki.nyon Stre,et and Queen Street; thence South 89 56109" West along said centerline of alley 131.27 feet; thence South 00 06109" West along the Aast line of Lot 145 in the Third Plot of Northwest Addition recorded March 7, 1907 in Plat Book 9 page 6Q in the Office of the St. Jo$eph County Recorder and its Northerl and Southerly extensions 195 DO feet to the South line oy TineStreet; thence South 89'5610911 West along said South ITine of Queen Street, 12.93 feet to the East line of Allen Street; thence South 00 05151" West along said East line of Allen Street 329.87 feet to the South line of McCartney Street; thence South 89 58127" East along said South line of McCartney Street, 12.91 feet; thence South 00 06109" West 6.11 fget; thence, Nqrth 89 56109" East 308.71 feet to the Point of beginning. and which ha$ Key Number 18- 2110 -4067, 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 S-ec -fions 2 -76 et sea., and; WHE$EAS, the Department of Economic Developmgnt has goncluded an lnvgstigation and prepared a report with information sufficient for the Common Council to determine that thq area gualifles as an Economic Revitalization Area undgrIndiana Code 6 -1.1- 12.1 -1, et sea. and South Bend Municipal code Secfions 2 776, et sew, and has further repared ma p$ and plats showing the qb undarie$ and such gthier information regarding the area in question as required by law; and WHERVAS, the Human Resources and Economic Develq ment Committee of the Common Council has reviewed said report and recommendgd to the gommgn Council that the area qualifies as an Economic Revitalization Area.