Confirming Tax Abatement - Stouffer Industries, Inc. 1801 Commerce Dr.(5 Year Personal Property)

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Section 33 a distance of 1,205.66 feet to a concrete monument on the West line of a 75 foot Public Street (Commerce Drive); thence South 00 129'21" East on and along the West line of said Commerce Drive, a distance of 473.176 feet to an iron at the point of beginning; thence continuing South 89 030139" West a distance of 362 feet; thence North 00 029121" West a distance of 120.5 feet; thence North 89 030'39" East a distance of 362 feet; thence South 00 029121" East along the West line of Commerce Drive a distance of 120.5 feet to the place of beginning, being the South 120.5 feet measured North and South taken off at the entire South end of Lot Numbered Twenty -four (24) of the Airport Industrial Park, Phase II, St. Joseph County, Indiana now a part of the City of South Bend. with said Real Estate having the following Key Numbers 18 -2183- 688603, 18- 2183 - 688612, 25- 1008 - 033502, and 25- 1008- 133508, 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 Personal Property Tax Abatement only and is limited to Two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted a Personal Property Tax deduction for a period of Five (5) years, and further determines that the Petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code §6- 1.1 -12.1, et seq. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Page 2 of 3 Pages