Designating Tax Abatement - South Bend Lathe, Inc. 400 W. Sample St. (5 Year Personal Property)

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RESOLUTION NO. i b 5 % - 9 Ss' 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 400 WEST SAMPLE STREET, SOUTH BEND, INDIANA 46625, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR SOUTH BEND LATHE, 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 400 West Sample Street, South Bend, Indiana 46625, and which is more particularly described as follows: A parcel of land being part of the Northeast Quarter of Section 14, Township 37 North, Range 2 East of the Second Principal Meridian, and being more particularly described as follows, viz: Beginning at the Northwest corner of Tract No. 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, Page 184, in the Office of the Recorder of St. Joseph County, Indiana; thence South 890 51' 46" East, along the North line of said Tract No. 4, said line being also the South Right -of -Way line of Sample Street, a distance of 1200.01 feet to a point 241.64 feet North 890 51' 46" West of the West Right -of -Way line of Franklin Street, said point being on the Northerly projection of the West wall line of a building; thence South 00 21' 18" East, along said projection and along said West wall line, a distance of 421.71 feet to an angle point; thence South 270 52' 38" East, along a wall line, a distance of 27.70 feet to an angle point; thence North 890 38' 42" East, along a wall line, a distance of 132.73 feet to a point 96.19 feet South 89° 38' 42" West of the West Right -of -Way of Franklin Street; thence South 0° 21' 55" East, parallel with the West Right -of -Way of Franklin Street, a distance of 160.27 feet to a point 96.18 feet South 890 55' 21" West of said West Right -of -Way of Franklin Street; thence South 890 55' 21" West, a distance of 134.32 feet to a point; thence North 120 19' 39" West, a distance of 162.12 feet to a point; thence North 890 51' 39" West, a distance of 647.32 feet to a point; thence South 0 ° 04' 26" West, a distance of 28.28 feet to a point; thence North 890 50' 26" West, a distance of 100.00 feet to a point; thence South 00 04' 26" West, a distance of 62.99 feet to a point; thence North 880 32' 07" West, a distance of 443.76 feet to a point; thence North 00 07' 13" East, a distance of 83.15 feet to a point on a non - tangent curve which is convex to the Southwest; thence Northwesterly along said curve, having a radius of 323.50 feet and a central angle of 340 37' 1711, an arc distance of 195.48 feet to the point of tangency on said curve; thence North 30 53' 00" West, a distance of 13.87 feet to a point; thence North 61° 39' 41" West, a distance of 169.36 feet to the Easterly Right -of -Way line of Chapin Street; thence North 5 057' 39" East, along said Easterly Right -of -Way line, a distance of 29.04 feet to an angle point;