Designating Tax Abatement - GEM Partnership 2920 W. Sample St. (5 Year Real Property)

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RESOLUTION NO. i33q-8 S A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 2920 W. Sample Street AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 2920 W. Sample Street , South Bend, Indiana, and which is more particularly described by a line drawn as follows: A lot or parcel of land in the Northwest Quarter of the Northwest Quarter of Section Fifteen (15) , Township Thirty-seven (37 ) North, Range Two (2 ) East, described as follows, to-wit: Beginning on the South line of Sample Street in the City of South Bend, Indiana, at a point 330 feet East and 35 feet South of the Northwest corner of said Section 15; thence East along the South line of Sample Street 400 feet; thence South a distance of 536.78 feet more or less to the Northerly right of way line of the New Jersey, Indiana and Illinois Rail- road; thence Southwesterly along said Northerly right of way line of the New Jersey, Indiana and Illinois Railroad 437.58 feet more or less to a point due South of the place of beginning; thence North 714 .1 feet more or less to the place of beginning. ALSO, a lot or parcel of land in the Northwest Quarter of Section Fifteen (15) , Township Thirty-seven (37 ) North, Range Two (2 ) East in the City of South Bend, St. Joseph County, Indiana described as beginning 35 feet South and 165 feet East of the Northwest Corner of Section 15, Township 37 North, Range 2 East, which beginning point is on the South line of Sample Street; thence East (bearing assumed) 165 feet along the South line of said Sample Street; thence South zero degrees 04 minutes West 714 . 01 feet to the Northerly Right-of-Way line of the New Jersey, Indiana and Illinois Railroad Right-of-way; thence South 65 degrees 59 minutes 50 seconds West 251.6 feet along said Northerly Right-of-way; thence North zero degrees 02 minutes 50 seconds East 587 .24 feet to a point 229 feet South and 65 feet West of place of beginning; thence North 89 degrees 50 minutes 50 seconds East 65 feet; thence North zero degrees 02 minutes 50 seconds East 229 feet to place of beginning. EXCEPTING THEREFROM, A parcel of land being a part of the Northwest Quarter of Section Fifteen (15 ) , Township Thirty-seven (37 ) North, Range Two (2) East in the City of South Bend, St. Joseph County, Indiana, described as follows: Starting at a point 35 feet South and 165 feet East of the Northwest corner of Section 15, Township 37 North, Range 2 East which point is on the South line of East Sample Street; thence South 0 degrees 2 minutes 50 seconds West, 229 feet to the true point of beginning for this description; thence continuing as an extension to the last described line South 0 degrees 2 minutes 50 seconds to the Northerly right-of-way line of the