Confirming Tax Abatement - Airport Industrial Park 1840 N. Commerce Dr. (5 Year Real Property)

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RESOLUTION NO. 43D/- 1) A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1840 NORTH COMMERCE DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF 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 1840 North Commerce Drive, and more particu- larly described as follows : PARCEL 1 : A tract of land in the Southwest Quarter of Section 33, Township 30 North, Range 2 East , City of South Bend, St . Joseph County, Indiana more particularly described as follows : Commencing at a brass plug at the center of said Section 33; thence South 90°00 ' 00" West on and along the North line of said Southwest Quarter of Section 33 a distance of 679 . 78 feet; thence South 00°42 ' 05" West a distance of 9 . 01 feet to an iron at the Southwest corner of Progress Drive and Maplewood Avenue, said point being the true place of beginning; thence South 90°00 ' 00" West on and along the South line of said Progress Drive, a distance of 450 . 88 feet to an iron on the East line of Commerce Drive; themce South 00°29 ' 21" East on and along the East line of Commerce Drive, a distance of 403 . 15 feet to an iron; thence North 89°30 '39" East a distance of 442 . 55 feet to an iron on the West line of Maplewood Avenue; thence North 00°42 ' 05" East on and along the West line of Maplewood Avenue a distance of 399 .39 feet to the place of beginning. Said tract being lot Numbered 22 of the Airport Industrial Park Phase 2 . Also, a portion of Maplewood Avenue vacated by the City of South Bend, Indiana, pursuant to Vacation Resolution No . 3446 , 1977, which portion is more particularly described as follows : A portion of Maplewood Avenue, beginning at the South right-of- way line of Progess Drive and the East right-of-way line of Ma- plewood Avenue, South 345 feet to the Southwest corner of Lot 27 in Post Place Addition; thence West 50 feet; thence North 345 feet; thence East 50 feet to the place of beginning. PARCEL II : Lots Numbered Twenty-Five (25) , Twenty-Six (26) and Twenty-Seven (27) as shown on the recorded Plat of Post Place now within and a part of the City of South Bend, together with the east 1/2 of the vacated Maplewood Avenue excepting there- from a parcel of land 22 feet in width, East and West, taken off of the East end of said Lots heretofore conveyed to the Municipal City of South Bend for Street purposes , and also excepting the North 9 feet of Lot 25 . as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Reso- lution and the public hearing before the Council has been pub- lished pursuant to Indiana Code 6-1 . 1-12 . 1-2-5, and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifi- cations for an economic revitalization area have been met .