Confirming Tax Abatement - Mercury Stainless Corp. 3602 W. Sample St. (10 Year Real Property)

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Southeasterly from the point of tangency and measured along chords to said curve, viz: S 19 41' for a distance of 60 .0 feet; thence S 22 54 'E a distance of 100. 0 feet; thence S 37 14 'E a distance of 100.0 feet; thence S 53 52 'E a distance of 100.0 feet to the North Right-of Way line of spur tract Number 1 of said railroad company, thence N 89 51 'W a distance of 364 .44 feet along said Northern Right-of-Way line of spur tract Number 1; thence N 00 03 'E a distance of 364. 38 feet; thence N 89 57 'W a distance of 128.91 feet; thence N 00 02'W a distance of 318. 24 feet; thence S 89 13 'W a distance of 13 .76 feet; thence N 00 03 'E a distance of 11.76 feet to the Westerly Right-of-Way of the New Jersey, Indiana and Illinois Railroad Company Right-of-Way of spur tract Number 2; thence along said Right-of-Way Southeasterly 371.89 feet along an arc to the right having a radius of 469 .15 feet and subtended by a long chord have a bearing of S 44 26 ' 30"E and a length of 362.22 feet to the point of tangency of said curve; thence S 21 44 'E a distance of 40 .0 feet to the point of beginning. PARCEL 3 EASEMENT An easement for vehicular and pedestrian crossing over, upon and across, and for parking upon the following described real estate: A part of the Northeast Quarter, Section 16, Township 37 North, Range 2 East, 2nd P.M. , in the City of South Bend, Saint Joseph County, Indian containing 0. 175 acres, more or less and more particularly described as follows: Beginning at a point 900.6 feet South of the North line of said Section 16 and 1390 .55 feet East of the East line of Sheridan Avenue, which line is on the Westerly line of an 18-foot railroad spur Right-of-Way of the New Jersey, Indiana and Illinois Railroad Company; thence N 21 44 'W a distance of 40 .00 feet along said Westerly Right-of-Way; thence along said Right-of-Way Northwesterly 371. 89 feet along an arc to the left having a radius of 469. 15 feet and subtended by a long chord having a bearing of N 44 26 ' 30"W and a length of 362.22 feet; thence N 0 03 'E a distance of 19 . 2 feet to the Easterly Right-of-Way of said railroad spur; thence along said Right-of-Way Southeasterly 386.19 feet along an arc to the right having a radius of 487. 15 feet and subtended by a long chord having a bearing of S 44 26 ' 35"E and a length of 376 .15 feet; thence S 21 44 'E a distance of 47 .18 feet; thence N 90 00 'W a distance of 19 .38 feet to the point of beginning. Commonly known as 3602 West Sample Street, South Bend, Indiana 46619 . 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 . That 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) calander years from the date of adoption of the Declaratory Resolution by the Common Council.