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

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to South Bend Tribune Corp. by Warranty Deed recorded in Deed Record 823, p. 386 in said Re- corder ' s Office; thence North 0°-43 ' -50" East, along said West line, a distance of 7. 30 feet; thence North 59°-05 ' -32" East along the north- westerly line of said tract, a distance of 325. 48 feet to the most westerly corner of a tract Quit-claimed to Indiana Bell Telephone Co. , Inc. in Deed Record 665 p. 463; thence North 28°-48 ' -14" East, along the northwesterly line of said Indiana Bell parcel, a distance of 228 . 26 feet; thence North 61°-46 ' -50" West, a distance of 309 . 05 feet, to a point which bears South 61°-46 ' -50" East, a distance of 28 . 00 feet from the most southerly corner of said Penn Central Quit-claim parcel described in document numbered 8103153; thence North 28°-15 ' -41" East, parallel with a southeasterly line of said parcel, a dis- tance of 998.17 feet, to a point on a southerly line of said Penn Central parcel; thence South 89°-58' -10" East, along said southerly line, a distance of 212. 73 feet; thence South 89°-46 ' -31" East, along a southerly line of said parcel, a distance of 558. 69 feet to said westerly line of Prairie Avenue; thence North 28°-06 ' -58" East, along said westerly line to the point of begin- ning, containing 18. 21 acres, more or less. 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 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 . / Member of the mon Council FILED X CLEWS OFFICE ; 1984 PRESENTED 4. -//- ,`r ' �_ NOT APPROVED Irene Gammon CITY CLEBN,SOUTH BEND,ma ADOPTED lo �!/-4/ -2-