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

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4RESOLUTION NO. 131D - es- 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 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 abate- ment consideration; and WHEREAS , a Declaratory Resolution designated the area commonly known as AIRPORT INDUSTRAIL 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 89c58' 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 000'47" 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. as an Economic Revitalization Area ; and