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

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RESOLUTION NO. i‘ 'C Y 7 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 1147 PRAIRIE AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF 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 1147 Prairie Avenue, South Bend, Indiana, and more particularly described by a line drawn as follows: A parcel of land being a part of the North Half of Section 14, Township 37 North, Range 2 East, in Portage Township, City of South Bend, St. Joseph County, Indiana, and being more particu- larly described as follows, viz : Beginning at the intersection of the South line of Garst Street with the westerly line of Prairie Avenue in said City; said intersection being the most northeasterly corner of a parcel of land Quit-claimed to Metal Resources Corporation by Penn Central Corporation in document numbered 8103153 in the Office of the Recorder of St. Joseph County, Indiana; thence North 89°-46 ' -31" West, along the South line of Garst Street and said South line projected, said line being a northerly line of said Quit-claimed parcel, a distance of 582. 58 feet to the East line of the Northwest Quarter of said Section 14; thence North 89°-58 ' -10" West, along a northerly line of said Quit-claimed parcel a distance of 504 . 59 feet to the most northeasterly corner of a parcel of land deeded to Metal Resources Corporation by Albert Davidson in document numbered 8101507 in said Recorder ' s Office; thence continuing North 89°-58 ' -10" West, along the northerly line of said Davidson parcel a distance of 201. 61 feet; thence South 67°-39 ' -57" West, along the north- westerly line of said Davidson parcel, a distance of 330.91 feet; thence South 0°-07 ' -28" West, along the westerly line of said Davidson parcel, a distance of 1108. 76 feet to a northerly corner of a parcel of land deeded to Shirley R. Steinmetz, et al, in document numbered 7903987 in said Recorder ' s Office, said corner being the point of tangency of a curve concave north- westerly, said curve having a radius of 272.37 feet and being subtended by a chord of 316.13 feet which bears South 35°-35 ' -57" West, said curve being the most westerly boundary of said Steinmetz parcel; thence southwesterly, along said curve along an arc of 337. 27 feet; thence for the next six courses along the southerly and easterly lines of said Steinmetz parcel, North 76°-46 ' -03" East, along a non-tangent line, a distance of 175. 60 feet to a point of curve; thence along a curve to the right, an arc dis- tance of 170 . 42 feet, said curve having a radius of 523 . 66 feet and being subtended by a chord of 169. 67 feet which bears North 86°-05 ' -27" East; thence South 84°-35 ' -10" East, a distance of 56. 24 feet to the West line of a tract conveyed