Designating Tax Abatement - Various Oak Court - SFI/LDI Partnership

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RESOLUTION NO. 3 ~ ~~- ~? 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 6320, 6323, 6328 and 6331 OAK COURT AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR SFULDI PARTNERSHIP WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement have been submitted to and filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 6320, 6323, 6328 and 6331 Oak Court, South Bend, Indiana, and which is more particularly described as follows: Lot 61 Southfield Subdivision, Section Three as shown as the recorded plat in the Office of the Recorder of St. Joseph County, Indiana, excepting therefrom: Lot 61, Building One Envelope. Commencing at the Southeast corner of Lot 61; thence North 00°00'00" East, a distance of 9.50 feet; thence South 86°13'02" West, a distance of 14.50 feet to the point of beginning; thence continuing South 86°18'02" West, a distance of 86.45 feet; thence North 03°41'58" West, a distance of 63.19 feet; thence North 45°03'37" East, a distance of 18.11 feet; thence North 86°18'02" East, a distance of 72.93 feet; thence South 03°41'58" East, a distance of 75.13 feet to the point of beginning. And Further excepting Building Six Envelope. Commencing at the Northwest corner of said Lot 61; thence South 00°00'00" East, a distance of 196.39 feet; thence North 90°00'00" East, a distance of 50.00 feet; to the point of beginning, thence continuing North 90°00'00" East, a distance of 86.00 feet; thence South 00°00'00" East, a distance of 68.00 feet; thence South 90°00'00" West, a distance of 86.00 feet; thence North 00°00'00" West, a distance of 68.00 feet to the point of beginning and this property has Tax Key Number 23-1037-2073.13, be designated as a Residentially Distressed Area under the provisions. of Indiana Code 6-1.1-12.1 et seQ., and South Bend Municipal Code Sections 2-76 et sea., and;