Confirming Tax Abatement - 3603 Progress Dr. (5 Year Personal Property)

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RESOLUTION NO. I) E el - $4 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 3603 PROGRESS DRIVE, SOUTH BEND, IN 46628 TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT. WHEREAS, the Common Council fo 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 abate- ment consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 3603 Progress Drive, South Bend, IN 46628 and more particularly described by a line drawn as follows: A tract or parcel of land located in the Southwest Quarter of the Northeast Quarter of Section 33, Township 38 North, Range 2 East, more particularly described as follows: Beginning at a point which is One Hundred Ninety-five and Eighteen Hundredths (195.18) feet North and Eight Hundred Fifty-five and Fifty-four Hundredths (855.54) feet Easterly of the center of said Section 33, said point being on the North line of Progress Drive; thence North 0° 19' 51" East a distance of Four Hundred Sixty-eight and Seventy-three Hundredths (468.73) feet to the South line of the St. Joseph County Airport; thence South 89° 59' 38" East on and along the South line of said St. Joseph County Airport a distance of Four Hundred Thirty-nine and Ten Hundredths (439.10) feet; thence South 0° 18' 51" West a distance of Four Hundred Seventy and Sixty-five Hundredths (470.65) feet to the North line of Progress Drive; thence North 89° 40' 09" West a distance of Four Hundred Thirty-nine and Seventy-one Hundredths (439.71) feet to the point of beginning. 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 qualifications 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 personal property tax abatement only and is limited to five (5) calendar years from 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. '= .-of the C. Co ciuri l FILED IN CLERK'S OFFICE PRESENTED 8-a7-efy AUG 2 2 1984 NOT APPROW5 ADOPTED 8-a7-.gy Irene Gammon CM,SOUTH SEND,