Designating Tax Abatement - Automatic Molded Plastics 3107 N. Kenmore Phase IV Airport Industrial Park (5 Year Real Property)

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RESOLUTION NO. MS'S - T S A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 3107 NORTH KENMORE (PHASE IV AIRPORT INDUSTRIAL PARK) 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 purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 3107 North Kenmore Street (Phase IV Ai ■.rt Industial Park) and more particularly described by a line drawn as follows: A part of the NE a of Section 28, Township 38 North, Range 2 East, City of South Bend, St. Joseph County, Indiana, described as follows: Commencing at the southeast corner of the NE ; of said section; thence South 89° 58' 56" West along the south line of said quarter section a distance of 1150.09 feet; thence North 0° 00' 23" East along the centerline of Kenmore Street a distance of 1011.00 feet; thence North 89° 59' 37" West a distance of 40.00 feet to the west boundary of said Kenmore Street and the point of beginning; thence South 45° 00' 23" West a distance of 14.14 feet to the North boundary of Gagnon Street; thence North 89° 59' 37" West a distance of 320.00 feet along said north boundary; thence North 0° 00' 17" East a distance of 363.60 feet; thence South 89° 59' 37" East a distance of 326.61 feet to said west boundary of Kenmore Street; thence southerly along said west boundary a distance of 112.63 feet along an arc to the right having a radius of 1869.86 feet and subtended by a long chord having a bearing of South 1° 43' 11" East and a distance of 112.61 feet; thence South 0° 00' 23" West a distance of 241.03 feet along said west boundary to the point of beginning and containing 2.748 acres, more or less. as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2-5; and WHEREAS, the Council held a public hearing for the purpose of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been net. 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 confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for real property tax abatement only and is limited to five (5) calendar years f ou the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. FILED IN CLERK'S OFR .' . 0 A .-r o the Common o ci PRESENTED !'a84S JAN 2 31985 NOT APPROVED IRENE GAMMON ADOPTED /�8_8si CITY CLERK, SO. BEND, iN