Designating Tax Abatement - Airpark Place 3600 McGill St. (6 Year Real Property)

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e ■auia�� xi7ile \.i 00191 RESOLUTION NO. rm 7 -9 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3600 MCGILL STREET AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX YEAR PEAL PROPERTY MAX ABATEMENT FOR AIRPARK PLACE WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly blown as 3600 McGill Street, South Bend, Indiana, and which is more particularly described as follows: Commencing at the Northwest Corner of said Section 28; thence South 89 48'05" West (the bearing of the South line of the Southeast Quarter of Section 28 is assumed North 90 00'00" West) a distance of 1305.00 feet along the North boundary of said Northeast Quarter to the centerline intersection of Cleveland Road and Kenmore Street; thence South 00 00'23" West and a distance of 363.70 feet to a cross cut in the pavement; thence South 09 59'37" East a distance of 531.87 feet to a cross cut in the centerline of Kenmore Street; thence South 80 00123" West a distance of 40.00 feet to a 1;2 inch iron rebar; thence North 54 59134" West, 14.14 feet; thence South 80 00'23" West, 86.41 feet; thence Southwesterly 90.16 feet along a segment of a curve to the right, having a radius of 1944.86 feet, subtended by a chord, having a bearing of South 81 20'03" West and a length of 90.15 feet to the Point of Beginning; thence South 00 00123" West, 32.35 feet; thence North 39 59'37" West, 352.17 feet; thence North 00 00123" East, 366.40 feet; thence South 89 59'37" East, 103.57 feet; thence Northeasterly 249.28 feet along a curve to the left, having a radius of 1944.86 feet, subtended by a chord , having a bearing of North 86 20'07" East and a length of 249.11 feet to the Point of Beginning and containing 2.9925 acres, more or less, and is subject to all easements, restrictions and or covenants or record. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1- 12.1 -1 et.sq. and South Bend Municipal Code section 2 -76 et.seq., 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.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 Real Property Tax Abatement and the Statement of Benefits form completed by the Petitioner meet the requirements of I.C. 5 -1.1- 12.1 -1 et. seq.,and qualifies under the provisions of South Bend Municipal Code Section 2 -76 ec. seq., for tax abatement. SECTION II. The Common Council hereby determines and finds the following: