Designating Tax Abatement - Holladay Corporation 220 W. Colfax (10 Year Real Property)

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RESOLUTION NO. /5--nag 7 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 220 W. COLFAX AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 220 W. Colfax Avenue, South Bend, Indiana, and which is more particularly described by a line drawn as follows: Parcel I: Lots Numbered One (1) , Two (2) , Seven (7) , Eight (8) , and the East one-third (1/3) of Lot Number Four (4) as shown on the recorded plat of J. C. Knoblock' s Subdivision of Lots Numbered 245 and 246 in the Original Plat of the Town, now City, of South Bend, Indiana, recorded in Plat Book 8, page 15 in the Office of the Recorder of St. Joseph County, Indiana. EXCEPTING from said Lot Number Two (2) the following: A strip of land bounded by a line described as beginning at the Northwest corner of Lot 2 in Knoblock' s Subdivision of Lots 245 and 246 in the original plat of South Bend, Indiana, thence running easterly on the North line of said Lot 2 a distance of 31. 65 feet to a point that is 0.50 feet east of the east end of the existing Party Wall; thence south a distance of 1.25 feet; thence westerly parallel with the North line of said Lot 2 to a point on the West line thereof, said point being 1.25 feet south of the point of beginning; thence North on the West line of Lot 2 along the west end of said Party Wall to the place of beginning; said exception being the real estate described in that certain Quit-Claim Deed dated March 21, 1986, and recorded as Instrument 8606081 in the Office of Recorder, St. Joseph County, Indiana. Said Lot Number Two (2) is subject to the terms and provisions of a certain privilege agreement dated March 21, 1986, and recorded as Instrument 8606082 in the Office of Recorder, St. Joseph County, Indiana. Said Lot Number Two (2) is subject to the terms and provisions of a certain "Party Wall Cancellation Agreement" dated April 25, 1986, and recorded as Instrument #8606080 in the Office of Recorder, St. Joseph County, Indiana. Parcel II: ALSO, Lot Numbered Two Hundred Forty-Four (244) and the East 60 feet of Lots Numbered Two Hundred Forty-Five (245) and Two Hundred Forty-Six (246) as shown on the Original Plat of the Town, now City, of South Bend, Indiana. Subject to any rights public may have to use a private alley located over the South 10 feet of the East 60 feet of said Lot Two Hundred Forty-Five (245) .