Confirming Tax Abatement - Peterson Printing Corporation 746 S. Arnold St. (5 Year Personal Property)

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RESOLUTION NO. AIL' -v“.. A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 746 So . Arnold Street , South Bend , Indiana 46619 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL 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 746 So . Arnold Street , South Bend , Indiana 46619 and more particularly described by a line drawn as follows : That part of Bank Outlot 104 of the Second Plat of Outlots of the Town , now City of South Bend , platted by the State Bank of Indiana bounded as follows : Commencing at a point at the intersection of the east line of Arnold Street and the north line of Sample Street ; thence north along the east line of Arnold Street a distance of 472. 37 feet to the true place of beginning , thence along a line having a deflection angle of 90 degrees 7 minutes 30 seconds to the right , a distance of 201 . 44 feet ; thence along a line having a deflection angle of 90 degrees 07 minutes to the left , a distance of 387 . 02 feet ; thence along a line having a deflection angle of 89 degrees 47 minutes to the left , a distance of 201 .40 feet to the east line of Arnold Street ; thence south along a line having a deflection angle of 90 degrees 13 minutes 30 seconds to the left , a distance of 387. 37 feet to the point of beginning. Subject however to two easements reserved and granted by deed recorded in Deed Record 639 , Page 96 through 98, said deed covering the conveyance of adjacent property to the east and south by within named grantor . An easement to adjacent owner for ingress and egress (but not exclusive of the right of joint use thereof by the fee owner , its successors and assigns for the same purposes) over the following described tract : Commencing at the point of intersection of the north right-of-way line of Sample Street with the east right-of-way line of Arnold Street ; thence northerly along and with the east right-of-way line of Arnold Street a distance of 472. 37 feet ; thence easterly along a line with a deflection angle of 90 degrees 7 minutes 30 seconds right , a distance of 201 . 44 feet to the point of beginning; thence northerly along a line with a deflection angle of 90 degrees 7 minutes left a distance of 387. 02 feet ; thence westerly along a line with a deflection angle of 89 degrees 47 minutes left , a distance of 18 feet ; thence southerly along a line with a deflection angle of 90 degrees 12 minutes left , said line being also the east face of the existing Print Shop , a distance of 387. 45 feet ; thence easterly along a line with a deflection angle of 89 degrees 54 minutes left , a distance of 17. 95 feet to the point of beginning. Also , an easement and right-of-way for ingress and egress to the above described tract , (but not exclusive of the right of joint use thereof by adjacent owner , its successors and assigns , for the same purposes) , over the following described tract on adjacent property: