Confirming Tax Abatement - Industrial Fuels & Resources Inc. 604 S. Scott St. (5 Year Real Property)

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RESOLUTION NO. x330-85 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 604 S . SCOTT STREET, SOUTH BEND, INDIANA 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 pur- pose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 604 S. Scott Street, South Bend, Indiana, and more particularly described as follows : PARCEL I : Lot Numbered One (1) except the South 20 feet thereof , and Lots Numbered Two (2) , Three (3) and Four (4) in Ford' s Subdivision of the South part of Bank Out Lot Numbered Sixty (60) in the First Plat of Out Lots of the Town, (now City) , of South Bend, plat- ted by the State Bank of Indiana . PARCEL II : A part of Bank Out Lot Numbered Sixty (60) in the City of South Bend as platted by the State Bank of Indiana , and more particularly described as fol- lows : Beginning on the West line of Prairie Avenue as existed on December 31 , 1960 and the North line of Lot Numbered 3 as shown on the recorded Plat of Ford ' s Subdivision of a part of Bank Out Lot Numbered 60 as recorded on August 20, 1873 in Plat Book 3 , page 31, in the Office of the Recorder of St . Joseph County, Indiana; thence Westerly along the North line of Lots Numbered 3 and 4 in Ford' s Subdivision a distance of 142 feet to the East line of Scott Street; thence North and along the East line of Scott Street 227 feet; thence Northeasterly at right angles to the East line of Scott Street 268 feet, more or less , to the West line of Prairie Avenue as existed on December 31, 1960; thence Southerly and along said West line 254 feet, more or less to the place of beginning . PARCEL III : That part of Bank Out Lot Numbered Sixty (60) as platted and recorded by the State Bank of Indiana, located in the City of South Bend, which lies North of the North line of a parcel of land conveyed by The Lake Shore Michigan Southern Railway Company to The Standard Oil Company by deed dated August 14th, 1893, recorded in Book 93 , page 348 of the records of the Recorder of St . Joseph County, and which lies South of a line beginning at a point in the Easterly line of Scott Street in the said City of South Bend 16 . 8 feet, more or less , Southerly of the center of the track of The New York Central Railroad Company lying South of the four main tracks of said railroad company, measured along the East line of said Scott Street, said point being distant . 3 feet Southerly, measured along said street line at sidewalk level , from the Southerly edge of the Southeasterly pylon of the bridge of The New York Central Railroad Company over Scott Street, said point also being 165 . 22 feet , more or less , North of the intersection of the East line of Scott Street with the North line of land con- veyed to The Standard Oil Company by deed dated August 14th, 1893 , as aforesaid, measured along the East line of said Scott Street; thence Southeasterly along a straight line forming an angle of 79011 ' meas- ured from South to East with said East line of Scott