Designating Tax Abatement - 601 W. Broadway St. (5 Year Personal Property)

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DESCRIPTION OF PARCELS OF REAL ESTATE IN ST. JOSEPH COUNTY, INDIANA Parcel 1: A part of the N.E. 1/4 of Section 14, Twp. 37 N. , R. 2 E. , more particularly described as follows : Commencing at the intersection of the North Line of the Michigan Central Railroad Right-of-Way and the East Line of Kendall Street, said point being the Southwest corner of Tract No. 4 of the Studebaker Corporation Replat, as recorded in Plat Book 11, Page 184, in the Office of the Recorder of St. Joseph County, Indiana; thence North along the East line of Kendall Street a distance of 233 .93 feet to the intersection of said East line of Kendall Street with the South line of Broadway Street projected West; thence No. 89°22 '40" E. along said South line of Broadway Street projected West, a distance of 149 .32 ft. to the Point of Beginning; thence continuing No. 89°22 '40" E. along said South line of Broadway Street projected west a distance of 505 . 85 ft . to a point; thence No. 00°01 ' 19" E. a distance of 1165. 66 ft. to a point; thence No. 89°55 ' 34" W. a distance of 506.27 ft. to a point; thence S. 00°00 ' 00" E. a distance of 1171. 80 ft. to the point of beginning. Parcel 2 : (a) Easement for the purpose of vehicular and pedestrian ingress and egress to and from Parcel 1, described as follows : A part of the Northeast Quarter of Section 14, Township 37 North, Range 2 East, more particularly described as follows: Commencing at the intersection of the North line of the Michigan Central Railroad Right-of-Way and the East line of Kendall Street, said point being the Southwest corner of Tract No. 4 of the Studebaker Corporation Replat, as recorded in Plat Book 11, Page 184, in the Office of the Recorder of St. Joseph County, Indiana; thence North along the East line of Kendall Street a distance of 233 . 93 ft. to the intersection of said East line of Kendall Street with the South line of Broadway Street projected West; thence No. 89°22 '40" E. along said South line of Broadway Street projected West a distance of 655. 17 feet for a point of beginning; thence continuing N. 89°22 '40" E. along said South line of Broadway Street projected West a distance of 736.86 ft . to the West line of Franklin Street; thence Northerly along the said West line of Franklin Street a distance of 74 .25 ft. to its intersection with the North line of Broadway Street projected West; thence S. 89°22 '40" W. along the said North line of Broadway Street projected West a distance of 736 . 82 ft. to a point; thence S. 00°01' 19" W. a distance of 74 .26 ft. to the point of beginning. (b) Easement for storm and sanitary sewer drainage purposes from Parcel 1, described as follows : A part of the Northeast Quarter (1/4) of Section 14, Township 37 North, Range 2 East, more particularly described as follows: -2-