Confirming Tax Abatement - Airport Industrial Park Phase III Lot 5-1 (5 Year Real Property)

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RESOLUTION NO. 13/ 1-64S A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS AIRPORT INDUSTRIAL PARK-PHASE III LOT 5-1 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 purpose of tax abate- ment consideration; and WHEREAS , a Declaratory Resolution designated the area commonly known as Airport Industrial Park-Phase III Lot 5-1 and 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 89058 ' 56" West a distance of 709 .63 feet; thence North 0600'47" East a distance of 375 .00 feet to the south boundary of Boland Drive ; thence North 81' 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. as an Economic Revitalization Area ; and