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

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RESOLUTION NO. /3(59- ?":/- A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS 1840 NORTH COMMERCE DRIVE, SOUTH BEND, INDIANA 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 1840 North Commerce Drive, South Bend, Indiana, and which is more particularly 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 . be designated as an Economic Revitalization Area under the pro- visions 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 show- ing 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 reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area.