Confirming Tax Abatement - Southeast Corner of St. Louis & Wayne St. (3 Year Real Property)

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RESOLUTION NO. f. I S-a 7 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS SOUTHEAST CORNER OF ST. LOUIS AND WAYNE STREETS TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the pur- pose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as the Southeast Corner of St. Louis and Wayne Streets and more particularly described as follows : A parcel of land being a part of the Northeast Quarter of Section 12, Township 37 North, Range 2 East, City of South Bend, Portage Township, St. Joseph County, Indiana and being more particulary described as fol- lows: Lots 264 through 268, Lots 273 and 274, the west 55 feet of Lots 270 through 272, and the south 40 feet of Lot 272, of Cottrell ' s First Addition to Lowell ' s, City of South Bend. Along and together with parts of Lots 269 and 275 as shown on said plat described as beginning at the Northwest corner of said Lot 269; thence North 89-42 '-28" East, along the North line of said Lots 269 and 275 and their Easterly projection a distance of 410 .40 feet to the Southwest corner of Lot 340 in said recorded plat; thence South 89-41' -01" West, along the Westerly projection of the South line of said Lot 340, a distance of 32 . 85 feet; thence South 85-28 ' -03" West, a distance of 212. 60 feet; thence South 79-35 ' -35" West, a distance of 167. 67 feet to a point on the West line of said Lot 269; thence North 0-15 ' -45" West along said West line to the place of beginning . Along and together with the first east/west alley south of Wayne Street running between St . Louis Blvd. and St. Peter Street, and the first north/south alley east of St. Louis Blvd. running between Wayne and the first east/west alley south of Wayne Street . as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Reso- lution and the public hearing before the Council has been pub- lished 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 quali- fications 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 here-