Confriming Tax Abatement - Ivy Tower Corporation 635 S. Lafayette Blvd. (10 Year Real Property)

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feet to a point; thence South 00°12 ' 30" East a distance of 120.87 feet to a point; thence North 89°36 ' 07" West a distance of 31.95 feet to a point; thence North 00°12 ' 30" West a distance of 120.53 . feet to a point; thence North 24°46 ' 30" West a distance of 92.22 feet to a point; thence South 89°29 '14" East a distance of 32.14 feet to the point of beginning. ALSO, a non-exclusive easement to maintain on the surface and underground storage of fuel oil reserved to the Grantor, Wood Brothers, Inc. , in a Warranty Deed to South Bend Warehouse Corporation recorded in Deed Record 697 , page 126, described as follows: A part of the Southeast Quarter of Section 11, Township 37 North, Range 2 East of the 2nd P.M. , more particularly described as follows: Beginning at the Northwest corner of Tract No. 3 of the Stsudebaker Corporation Replat, as recorded in Plat Book 11 , page 184, in the Office of the Recorder of St. Joseph County, Indiana; thence South 89°32 ' 00" East a distance of 251.33 feet to a point thence South 00°30 '46" West a distance of 102 . 64 feet to a point; thence South 89°29 '14" East a distance of 640 feet to a point; thence South 00°30 ' 46" West a distance of 20 . 30 feet to a point; thence South 89°29 '14" East a distance of 0 .67 feet to a point; thence South 00°30 ' 46" West a distance of 84 . 60 feet for a point of beginning; thence South 89°29 '14" East a distance of 15.00 feet to a point; thence South 00°30 ' 46" West a distance of 46.00 feet to a point; thence North 89°29 '14" West a distance of 48.00 feet to a point; thence North 00°30 ' 46" East a distance of 15.00 feet to a point; thence South 89°29 ' 14 " East a distance of 33 .00 feet to a point; thence North 00°30 ' 46" East a distance of 31.00 feet to the point of beginning. 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) calendar years from the date of adoption of the Declaratory Resolution by the Common Council . SECTION II . That the Common Council hereby determines that the property owner is qualified for and is granted real (real property tax deduction for a period of ten (10) 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 . Air Mel of th- Common ncil e sled In Clerk's Office PRESENTED \a -a t - so OCT 71987 NOT APPROVED Page 3 IRENE GAMMON 111Y CLERK, SO. BEND. iv ADOPTED t a-ea`-%' 7