Designating Tax Abatement - Peterson's Printing Corporation 746 S. Arnold St (5 Year Personal Property)

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Commencing at the point of intersection of the north right-of-way line of Sample Street with the east right-of-way line of Arnold Street ; thence northerly along and with the east right-of-way line of Arnold Street a distance of 472. 37 feet ; thence easterly along a line with a deflection angle of 90 degrees 07 minutes 30 seconds right a distance of 201 . 44 feet to the point of beginning ; thence northerly along a line with a deflection angle of 90 degrees 07 minutes left , a distance of 387. 02 feet ; thence easterly along a line with a deflection angle of 90 degrees , 13 minutes right , a distance of 92. 16 feet ; thence southerly along a line with a deflection angle of 89 degrees 40 minutes right , a distance of 197. 25 feet ; thence westerly along a line with a deflection angle of 89 degrees 55 minutes right , said line being also the north face of the existing building, a distance of 74.20 feet to the northwest corner of the existing building , thence southerly along a line with a deflection angle of 89 degrees 54 minutes left , said line being also the west face of the existing building , a distance of 190. 08 feet ; thence westerly along a line with a deflection angle of 90 degrees 04 minutes right , a distance of 17. 92 feet to the point of beginning. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1 . 1-12. 1-1 , et seq. ; and WHEREAS, the Redevelopment Commission has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1 . 1-12. 1-1 , et seq. , and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question ; and WHEREAS , the Human Resources and Economic Development Committee of the Common Council has review said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area . NOW, THEREFORE , BE IT RESOLVED by the Common Council of the City of South Bend , Indiana , as follows : SECTION I . That the Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of personal property tax abatement . SECTION II . That this designation shall be limited to five (5 ) calendar years from the date of the adoption of this Resolution by the Common Council . SECTION III . That the Common Council directs the City Clerk to cause notice of the adoption of this resolution to be published , said publication providing notice of the public hearing before the Common Council on said declaration . SECTION IV. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor . =tuber of the Coo .n Council thtti Ea ll S ovtCCE PRESENTED 10 - ( 4-ga OCT > 1985 NOT APPROVED ADOPTED 10 - N - 2s" I RENE GAMMON OT\, CJC9K SC Pr"." !�,!