Confirming Tax Abatement - South Bend Scrap & Processing Div. 1305 Prairie (3 Year Real Property)

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PARCEL 2 • BOUNDARY SURVEY of PART OF THE NORTHWEST QUARTER OF SECTION 14, TOWNSHIP 37 NORTH, RANGE 2 EAST IN THE CITY OF SOUTH BEND, PORTAGE TOWNSHIP, ST. JOSEPH COUNTY, INDIANA DESCRIPTION: A parcel of land being a part of the northwest quarter of Section 14, Township 37 North, Range 2 East, in the city of South Bend, Portage Township, St. Joseph County, Indiana, and being more particularly described as follows VIZ. Beginning at a point on the present south line of Sample Street in said City (said Sample Street being 71,000 feet wide and said present south line being 13.25 feet south of the former south line), said point being North 900- 00' -00" East (Bearing assumed), a distance of 297.00 feet from the intersection of said present south line with the east line of Webster Street; thence north 90 °- 00' -00" East, along said present south line, a distance of 264.00 feet; thence south 00- 07' -10" east, parallel with said Webster Street, a distance of 336.75 feet; thence south 900- 00' -00" West, parallel with said present south line, a distance of 100.00 feet; thence south 0 °- 07'10" East, parallel with said Webster Street, a distance of 184.00 feet; thence south 900- 00' -00" West, parallel with said south line, a distance of 82.50 feet; thence South 00- 07' -10" East, parallel with said Webster Street, a distance of 41.00 feet; thence South 900- 00' -00" West, parallel with said south line, a distance of 81.50 feet; thence North 00-07'-10" West, parallel with said Webster Street, a distance of 561.75 feet to the point of beginning containing 2.810 acres more or Iress. Subject to any easements, covenants or restrictions of record. as an Economic Revitaliziation 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 designation is for 'Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified for and is granted 'real property tax deduction for a period of tbree ( 3 ) years. SECTION III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. PRESENTED /0 - Q Y-98' NOT APPROVED ADOPTED (D ,� `I - &F Me ber of t e Common Council OCT 19 198E