Confirming Tax Abatement - Petersen Printing Corporation 2920 Sample St. (5 Year Real Property)

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RESOLUTION NO. 141S -S-7 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 2920 Sample Street , South Bend , Indiana 46619 TO BE AN AN ECONOMIC REVITALIZATION AREA AOR 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 purpose of tax abatement consideration ; and WHEREAS , a Declaratory Resolution designated the area commonly known as 2920 Sample Street , South Bend , Indiana 46619 and more particularly described by a line drawn as follows : Situate in St . Joseph County , in the State of Indiana A lot or parcel of land in the Northwest Quarter of the Northwest Quarter of Section Fifteen ( 15) , Township Thirty-seven (37) North , Range Two (2 ) East , described as follows , to-wit : Beginning on the South line of Sample Street in the City of South Bend , Indiana , at a point 330 feet East and 35 feet South of the Northwest corner of said Section 15 ; thence East along the South line of Sample Street 400 feet ; thence south a distance of 536. 78 feet more or less to the Northerly right of way line of the New Jersey , Indiana and Illinois Railroad ; thence Southwesterly along said Northerly right of way line of the New Jersey , Indiana and Illinois Railroad 437. 58 feet more or less to a point due South of the place of beginning; thence North 714. 1 feet more or less to the place of beginning . ALSO , a lot or parcel of land in the Northwest Quarter of Section Fifteen ( 15) , Township Thirty-seven (37) North , Range Two (2) East in the City of South Bend , St . Joseph County , Indiana , described as beginning 35 feet South and 165 feet East of the Northwest Corner of Section 15, Township 37 North , Range 2 East , which beginning point is on the South line of Sample Street ; thence East (bearing assumed) 165 feet along the South lines of said Sample Street ; thence South zero degrees 04 minutes West 714. 01 feet to the Northerly Right-of-way line of the New Jersey , Indiana and Illinois Railroad Right-of-way ; thence South 65 degrees 59 minutes 50 seconds West 251 . 6 feet along said Northerly right-of-way ; thence North zero degrees 02 minutes 50 seconds East 587.24 feet to a point 229 feet South and 65 feet West of place of beginning ; thence North 89 degrees 50 minutes 50 seconds East 65 feet ; thence North zero degrees 02 minutes 50 seconds East 229 feet to place of beginning. EXCEPTING THEREFROM , a parcel of land being a part of the Northwest Quarter of Section Fifteen ( 15) , Township Thirty-seven (37) North , Range Two (2) East in the City of South Bend , St . Joseph County , Indiana , described as follows : Starting at a point 35 feet South and 165 feet East of the Northwest corner of Section 15, Township 37 North, Range 2 East which point is on the South line of East Sample Street ; thence South 0 degrees 2 minutes 50 seconds West , 229 feet to the true point of beginning for this description ; thence continuing as an extension to the last described line South 0 degrees 2 minutes 50 seconds to the Northerly right-of-way line of the Norfolk and Western Railroad (N . J. I. and I .R .R . ) ; thence South 65 degrees 59 minutes 50 seconds West in a Southwesterly direction along the railroad right-of-way to a point which is 109. 4 feet Northeasterly as measured on said railroad right-of-way from the West line of Section 15, Township 37 North , Range 2 East ; thence North 0 degrees 2 minutes 50 seconds East , 587.24 feet to a point (which point is 264 feet South and 100 feet East of the Northwest corner of said Section 15) ; thence North 89 degrees 50 minutes 50 seconds East , 65 feet to the point of beginning. Subject to legal highways .