Designating Tax Abatement - Mack Tool & Die, Inc. 2820 Viridian St. (5 Year Personal Property)

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RESOLUTION NO. 1-765-90 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND COMMONLY KNOWN AS 2820 VIRIDIAN STREET, SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR MACK TOOL & DIE, INC. WHEREAS, a petition for personal property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, requesting that the area commonly known as 2820 Viridian Street, South Bend, Indiana, and which is more particularly described as follows: The following described real estate located in St. Joseph County, in the State of Indiana: A part of the Southeast Quarter (1/4) of Section Twenty -eight (28) , Township Thirty -eight (38) North, Range Two (2) East, of the Second Principal Meridian, City of South Bend, St. Joseph County, Indiana, and described as follows: Commencing at the Northeast corner of the South- east Quarter (1/4) of said Section 28, said point being at the intersection of Bendix and Boland Drives; thence South 89 degrees 58 minutes 56 seconds West (bearing assume) along the Southerly right-of-way line of Boland Drive 1242.51 feet to the point of beginning; thence South 00 degrees 21 minutes 33 seconds West, 293.00 feet; thence South 89 degrees 58 minutes 56 seconds West, 260.00 feet; thence North 00 degrees 21 minutes 33 seconds East, 293.00 feet, thence North 89 degrees 58 minutes 56 seconds East, 260.00 feet to the point of beginning. Subject to legal highways, be designated as an Economic Revitalization of Indiana Code 6 -1.1- 12.1 -1 et seq., and Section 2 -76 et seq.; and Area under the provisions South Bend Municipal Code 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 seq., and South Bend Municipal Code Section 2 -76, et seq., 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 of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the Petition for Personal Property Tax Abatement and Statement of