Confirming Tax Abatement - Metal Resources 1147 Prairie Ave. (5 Year Real Property)

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28°19 ' 18" West, along said Westerly line, the Westerly line of a parcel of land conveyed to L & A Enterprises by deed recorded as instrument numbered 8218567 , a distance of 240 .00 feet to an angle point ; thence South 28°48 ' 14" West along the Westerly line of a par- cel of land conveyed to Indiana Bell Telephone Com- pany, Inc. by deed recorded in Book 665 , Page 463 in said Recorder 's Office, a distance of 85.35 feet; thence North 61°46 '50" West, along a Northerly line of a parcel of land conveyed to Metal Resources Corpora- tion, a distance of 309 .05 feet; thence North 28°15 ' 41" East, along an Easterly line of a parcel of land conveyed to Metal Resources Corporation, a dis- tance of 415 .55 feet; thence South 61°44 ' 13" East parallel with said Northerly line of said L & A Enter- prises parcel, a distance of 680 .30 feet to the place of beginning containing 162 ,063 square feet (3.72 Acres) more or less. The total acreage of Parcel I and Parcel II is 21. 13 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 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 five ( 5) calendar years from the date of adoption of the Declaratory Resolution by the Com- mon 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 . em er of the Col .n Council FILED IN 'g NOV aRK 41984 PRESENTED //-/9-8'y Gamo NO7 APPROVE/ T CLERK.MN BBEND IIND ADOPTED , /._ / 9_ep5,- —3—