Confirming Tax Abatement - Mitttler Supply Inc. 3607 S. Main St. (5 Year Real Property)

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RESOLUTION NO. w9 -gq A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 3607 SOUTH MAIN STREET 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 pur- pose of tax abatement consideration; and WHEREAS , a Declaratory Resolution designated the area commonly known as 3607 South Main Street, and more particularly described as follows : Lots 1 thru 5 as shown on the plat of Ida M. Walz ' s Subdivision to the City of South Bend , Indiana recorded October 13 , 1938 in Plat Book 14, page W-5 and Lots "D" and "E" as shown on the plat of John E. Walz ' s Revised Addition to the City of South Bend recorded June 28, 1928 in Plat Book 12, page 196 together with vacated Lafayette Boulevard and vacated alleys lying between and adjacent to above said recorded lots and also a parcel of land 28 feet North and South by 211 .75 feet , more or less, East and West in the Southwest 1/4 of the Southwest 1/4 of Section 24 , Township 37 North, Range 2 East , Portage Town- ship, City of South Bend, County of St. Joseph, Indiana lying South and adjacent to above said recorded plats, the above com- bined tract being more particularly described as follows: Beginning at the Northeast corner of Lot 1 as shown on said recorded plat of Ida M. Walz ' s Subdivision, said point being the Southwest corner of Main Street and Sherwood Street; thence West along the South line of Sherwood Street 465.85 feet to a point 7 feet East of the West line of said Section 24 , being also the East line of a 7 foot alley; thence South along said East line of alley 246 . 6 feet to the South line of said John E. Walz 's Revised Addition; thence East along said South line 234 .55 feet to a point 211 .75 feet West of the West line of Main Street, as now established; thence South 28 feet; thence East parallel with the South line of said recorded plat of John E. Walz 's Revised Addition 209.82 feet to the West line of Main Street; thence Northeasterly along said West line of Main Street 282.92 feet to the point of beginning . 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 . 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 ten (10) calendar years from the date of adoption of the Declaratory Resolution by the Com- mon Council.