Confirming Tax Abatement - SJM Inc. 1145 Prairie Ave. (10 Year Real Property)

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RESOLUTION NO. 1. 7 / - C A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1145 PRAIRIE AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR THE 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 purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area which area is located in the area known as the Enterprise Zone and commonly known as 1145 Prairie Avenue, South Bend, Indiana, and more particulary described by a line drawn as follows : A parcel of land in the East Half ( 1/2) of the Northwest Quarter (1/4 ) of Section 14, Township 37 North, Range 2 East of the Second Principal Meridian in the City of South Bend, County of St. Joseph, State of Indiana, more particularly described as follows, viz: Commencing at the intersection of the South line of Garst Street with the Westerly line of Prairie Avenue; thence South 28°18 ' 06" West along and with the Westerly line of Prairie Avenue, a distance of 50. 99 feet to the Southeast corner of a 45 foot easement, said point being 45 feet South of the South line of Garst Street, by right angle measure- ment; thence North 89°46 ' 31" West along and with the South line of said easement, a dis- tance of 771. 42 feet to the point of begin- ning of this description; thence South 28°15 ' 41" West a distance of 998. 17 feet; thence South 61°46 ' 50" East a distance of 309.05 feet; thence North 28°19 ' 18" East a distance of 349. 17 feet; thence North 61°55 ' 11" West a distance of 269. 20 feet; thence North 28°10 ' 14" East a distance of 587. 13 feet; thence North 89°46 ' 31" West a distance of 45. 97 feet to the place of begin- ning. Parts of the West Half (1/2 ) of the Northeast Quarter (1/4 ) and the East Half ( 1/2 ) of the Northwest Quarter (1/4 ) of Section Fourteen (14 ) , Township Thirty-seven (37) North, Range Two (2 ) East of the Second Principal Meri- dian, more particularly described as commen- cing at a point on the West line of Prairie Avenue, 50. 99 feet southwesterly of the South line of Garst Street, as measured along said West line of Prairie Avenue, thence North 89°47 ' 48" West along a line 45.00 feet south of and parallel to the said South line of Garst Street, a distance of 464.53 feet for a point of beginning; thence South 28°14 '42" West a distance of 708. 65 feet to a point;