Designating Tax Abatement - Bangor Refrigeration Building Addition Project 3620 W. McGill St. (5 Year Personal Property)

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RESOLUTION NO. I/ A(' M A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 3620 WEST MC GILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT FOR BANGOR REFRIGERATION BUILDING ADDITION PROJECT WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 3620 West McGill Street, South Bend, Indiana, and which is more particularly described as follows: Commencing at the Northeast corner of said Section 28; thence South 89 048105" West along the North line of said Quarter Section, 1305.00 feet; thence South 00 °00123" West along the centerline of Kenmore Street, 363.70 feet; thence South 090 59'37" East along said centerline, 486.87 feet to the centerline intersection of Kenmore Street and McGill Street; thence South 80'00'23" West along the centerline of McGill Street, 303.50 feet; thence North 89 059'37" West along said centerline, 270.66 feet to the Point of Beginning; thence South 00 °00'00" West, 401.41 feet; thence North 890 59137" West, 523.60 feet; thence North 00 002141" East, 401.40 feet; thence South 89 059137" West, 523.23 feet to the Point of Beginning, and containing 4.823 acres, more or less, and is subject to all easements, restrictions, and or limitations of record. and this property has Key Number 25- 500 -5059 , 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 sea.; 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 -1, et se_q., and South Bend Municipal Code Sections 2 -76 et sea., 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 fo the City of South Bend, Indiana, as follows: