Confirming Tax Abatement - Accuride Indiana, Inc. 4300 Quality Dr. (10 Year Real Property)

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RESOLUTION NO. 1983 -9R A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA COMMONLY KNOWN AS 4300 QUALITY DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A 10 YEAR REAL PROPERTY TAX ABATEMENT FOR ACCURIDE INDIANA, INC. 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 4300 Quality Drive and which is more particularly described as follows: Parcel I: Lot Numbered Eight (8) as shown on the recorded Plat of Landmark Business Park, Section Six, Part One, recorded October 19, 1989 in the Office of the Recorder of St. Joseph County, Indiana, as Instrument No. 8928004. Parcel H: A tract of land in the North Half of Section 19, Township 38 North, Range 2 East, City of South Bend, German Township, St. Joseph County, Indiana, said tract being more particularly described as follows: Commencing at the North Quarter corner of said Section 19; thence South 00 °54'38" East on the along the East line of said Northwest Quarter 110.75 feet to the South right -of -way line of Brick Road; thence North 88 °47'24" West on and along said South line a distance of 845.29 feet; thence South 00 °52'04" East a distance of 679.54 feet, said point being the true place of beginning; thence continuing South 00 °52'04" East a distance of 175.75 feet to PC of a 25.00 foot radius curve to the right; thence along said curve through a central angle of 49 °40'45 ", a chord length of 21.00 feet which bears South 23 °58'19" West, an arc distance of 21.68 feet to a point of reverse curve with a 60.00 foot radius curve to the left; thence along said curve through a central angle of 93 °47'08 ". a chord length of 87.60 feet which bears South 01 °55'07' West, an arc distance of 98.20 feet; thence South 45 °01'33" West a distance of 25.00 feet; thence South 89 °55'38" West a distance of 395.50 feet; thence North 00 °52'04" West a distance of 300.00 feet; thence North 89 °55'38" East a distance of 426.53 feet to the place of beginning. Subject to legal highways. with said real estate having the following Key No(s). 25 -1017 -0604, 25- 1017 -0602 and 25 -1017- 0602.01, 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,