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

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RESOLUTION NO. 1 � & 0 _ qV A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2820 VIRIDIAN STREET, SOUTH BEND, INDIANA, TO BE AN ECONOMIC REVITALIZATION AREA FOR THE PURPOSES OF A FIVE YEAR PERSONAL PROPERTY TAX ABATEMENT FOR MACK TOOL & DIE, 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 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, 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