Designating Tax Abatement - Airport Industrial Park Phase III Lot 5-1 (5 Year Personal Property)

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RESOLUTION NO. 13(,?, A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOW AS AIRPORT INDUSTRIAL PARK, PHASE III LOT 5-1 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT. WHEREAS a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as Airport Industrial Park-Phase III Lot 5-1 , , South Bend, Indiana and which is more particularly described by a line drawn as follows : A part of the Southeast Quarter of Section 28, Township 38 North, Range 2 East, St. Joseph County, Indiana , described as follows: Commencing at the northeast corner of said quarter section; thence South 89°58 '56" West a distance of 1582 ,51 feet along the north line of said quarter section to the point of beginning; thence South 0° 21 ' 33" West a distance of 375. 00 feet; thence South 89°58"56" West a distance of 709 .63 feet; thence North 0° 00'47" East a distance of 375 .00 feet to the south boundary of Boland Drive ; thence North 89° 58'56" East a distance of 711 .90 feet along said south boundary to the point of beginning and containing 6.119 acres, more or less. The above tract of land is subject to a drainage course right-of- way described as follows : A part of the Southeast Quarter of Section 28, Township 38 North, Range 2 East, St. Joseph County, Indiana described as follows: Beginning on the north line of said quarter section South 89 degrees 58 minutes 56 seconds West 2194,41 feet from the northeast corner of said quarter section; thence South 0 degrees 00 minutes 47 seconds west 375 . 00 feet; thence South 89 degrees 58 minutes 56 seconds West 80.00 feet; thence North 0 degrees 00 minutes 47 seconds East 375.00 feet to the north line of said quarter section; thence North 89 degrees 58 minutes 56 seconds East 80.00 feet to the point of beginning and containing 0.689 acres, more or less . The above tract of land is encumbered by the following easements : 1 . An easement 20 feet in width off the entire most westerly side in favor of Chicago South Shore and South Bend Railroad. 2 . An easement 50 feet in width off the entire north side in favor of Indiana & Michigan Electric Company be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1 .1-12 .1-1 , et seq. ; and