Confirming Tax Abatement - Adams Engineering, Inc. 1702 W. Washington St. (5 Year Personal Property)

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Beginning at a point in the South line of West Washington Avenue 7.58 feet West from a point where the West line of College Street extended South would intersect the South line of said West Washington Avenue; thence South 208 feet; thence West 395.87 feet; thence North 208 feet to the South line of Washington Avenue; thence East along the South line of Washington Avenue a distance of 395.87 feet to the place of beginning. Also beginning at a point in the South line of West Washington Avenue 7.58 feet West from a point where the West line of College Street extended South would intersect the South line of Washington Avenue and being at the Northeast corner of the above described tract; thence South along the East line of the above described tract 293.6 feet to an iron stake; thence East 19.69 feet, more or less, to the Southwest corner of a tract of land conveyed to the South Bend Wholesale Drug Company by deed recorded in Deed Record 333, page 336; thence North 293.6 feet, more or less, to a point in the South line of West Washington Avenue 20 feet East of the place of beginning; thence West 20 feet to the place of beginning. Subject to easements and restrictions of record. 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 designation is for personal 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 personal property tax deduction for a period of five (5) 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. 7556J PRESENTED S - $ - '� '4�' NOT APPROVED ADOPTED Jr Me ber o the Common Council -2- a 'Up a? "' AUG 3 1988 r� �•e