Confriming Tax Abatement - 213 W. Washington St. (6 Year Real Property)

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RESOLUTION NO. ] `1(or-S-7 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 213 WEST WASHINGTON STREET 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 213 West Washington Street and more par- ticularly described as follows : PARCEL 1: Lots Numbered Two Hundred Thirty-Nine (239) and Two Hundred Forty (240) as shown on the Original plat of the Town, now City of South Bend, Indiana; ALSO, a parcel of land to the West of and adjacent to Lots 239 and 240 as shown on the Original plat of the Town, now City of South Bend, Indiana, more particu- larly described as beginning at the Southwest corner of said Lot Numhered 240; thence North along the West line of said Lots to the Northwest corner of said Lot Numbered 239 ; thence West 14 feet; thence South to a point 14 feet West of the point of beginning; thence East 14 feet to the point of beginning. (a) Title to the building and improvements located on Parcels 1, 2 and 3 . (b) Lessee' s interest in leasehold on the fee simple title to parcel 1 under 99 year ground lease from Pak Joint Venture (Landlord) , a joint venture organized and existing under the laws of the State of Indiana and composed of Pick-Indiana Corporation, an Indiana corporation, American Realty of South Bend, Inc. , an Indiana corpora- tion, and K. M. Corporation, an Indiana corpo- ration (which Landlord' s interest is now by mesne assignments held by Americana Hotels and Realty Corporation, a Maryland corporation) , to Jack W. Kelley (Tenant) , which Tenant ' s interest by mesne assignments is now held by Americana South Bend Associates, an Indiana General Partnership) , dated Decemher 1, 1967 and recorded January 30, 1968 in Miscellaneous Record Book 236, pages 618 to 668, both inclusive, amended by Supplemental Agreement to Ground Lease by and between the said Landlord and the said Tenant dated December 1, 1967 and recorded July 15, 1968 in Miscellaneous Record Book 241, pages 135 to 143, both inclu- sive, in said Recorder ' s Office. (c) Easements for the benefit of the interests in the land descrihed as 2(a) and 2(b) above, granted by American National Bank and Trust Company of South Bend, now Valley American Bank and Trust Company, to Pak Joint Venture dated November 3 , 1970 and recorded November 6, 1970 in Deed Record 732 , pages 299 and 300, as corrected by correcting affidavit recorded November 16, 1970 in Deed Record 732 , page 454 (as to Parcel 2) and dated November 11, 1970 and recorded November 16 , 1970 in Deed Record 732 , pages 455 and 456 (as to Parcel 3) , in the Office of the Recorder of St .