Designating Tax Abatement - Allied Products Corporation 701 S. Chapin St. (6 Year Real Property)

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RESOLUTION NO. 1;ar- T57 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 701 SOUTH CHAPIN STREET 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 701 South Chapin Street, South Bend, Indiana, and which is more particularly described as follows : Situate in St . Joseph County in the State of Indiana: That part of Bank Out Lots No. Seventy-six (76) , Seventy-seven (77) and Seventy-eight (78) of the Out Lots of the Town, now City of South Bend platted by the State Bank of Indiana, and of Bank Out Lots Ninety-one (91) , Ninety-two (92) , Ninety-three (93) , One Hundred Four (104) , One Hundred Five (105) and One Hundred Six (106) of the 2nd Plat of the Out Lots of the Town, now City of South Bend, platted by the State Bank of Indiana, bounded by the following described line: Beginning at a point on the East line of Arnold St . 669 . 54 feet North of the South line of said Bank Out Lot Ninety-three (93) ; thence Northeasterly at an angle to the right of 61°45 ' a distance of 52 .48 feet; thence at an angle to the right of 20°14 ' a distance of 43 . 28 feet; thence at an angle to the right of 8°20 ' a distance of 211. 68 feet; thence at an angle to the right of 16°27 ' for a distance of 91.39 feet; thence at an angle to the right of 0°5 ' a distance of 50 . 0 feet; thence at an angle to the right of 0°7 ' a distance of 50.0 feet; thence at an angle to the left of 0°5 ' a distance of 50 . 0 feet; thence at an angle to the right of 0°2 ' a distance of 50 . 0 feet; thence at an angle to the left of 0°12 ' a distance of 50 . 0 feet; thence at an angle to the right of 0°17 ' a distance of 50 . 0 feet; thence at an angle to the right of 3°41 ' a distance of 49 .52 feet; thence at an angle to the left of 0°27 ' a distance of 100 . 0 feet; thence at an angle to the left of 0°50 ' a distance of 50 . 0 feet; thence at an angle to the left of 0°52 ' a distance of 50. 0 feet; thence at an angle to the left of 1°13 ' a distance of 50.0 feet; thence at an angle to the left of 0°54 ' a distance of 50 . 0 feet; thence at an angle to the left of 0°28 ' a distance of 50 . 0 feet; thence at an angle to the left of 0°5 ' a distance of 50 . 0 feet; thence at an angle to the left of 0°11 ' a distance of 50.0 feet; thence at an angle to the left of 0°27 ' a distance of 50.0 feet; thence at an angle to the left of 0°17 ' a distance of 50.0 feet; thence at an angle to the left of 0°25 ' a distance of 50. 0 feet; thence at an angle to the left of 0°9 ' a distance of 50 .0 feet; thence at an angle to the right of 7°30 ' a distance of 18 . 56 feet; thence at an angle to the left of 19°10' a distance of 82 . 19 feet to a point on the South right of way of the New York Central Railroad; thence at an angle to the right of 10°9 ' a distance of 114 .58 feet, along said right of way; thence at an angle to the left of 1°13 ' or at an angle with the West line of Chapin Street of North 77°48 ' West a distance of 64 . 7 feet along said Right of Way, to the intersection of the said Right of Way and the West line of Chapin Street, said intersection is 361.25 feet North of the center line of Ford Street