Confirming Tax Abatement - American Tool & Die Inc. 3515 Boland Dr. (5 Year Personal Property)

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RESOLUTION NO. % 19-84 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 3515 BOLAND DRIVE, SOUTH BEND, INDIANA, AS 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 purpose of tax abatement consideration; WHEREAS , a Declaratory Resolution designated the area commonly known as 3515 Boland Drive, South Bend, Indiana, and more particularly described by a line drawn as follows: A part of the Northeast Quarter of Section 28, Township 38 North, Range 2 East, St . Joseph County, Indiana, described as follows : Commencing at the southeast corner of said quarter section; thence South 89 degrees 58 minutes 56 seconds West 1200 . 00 feet; thence North 0 degrees 00 minutes 23 seconds East 120 feet to the point of beginning of this description: thence South 89 degrees 58 minutes 56 seconds West 329. 55 feet along the north line of Boland Drive; thence North 0 degrees 00 minutes 23 seconds East 385 . 00 feet ; thence North 89 degrees 58 minutes 56 seconds East 339 . 55 feet ; thence South 0 degrees 00 minutes 23 seconds West 375.00 feet long the West line of Kenmore Street; thence South 44 degrees 59 minutes 40 seconds West 14 . 15 feet to the point of beginning, containing 3 .000 acres, more or less . The bearing of the south line of the Southeast Quarter of Section 28 is assumed North 90 degrees 00 minutes 00 seconds West. as an Economic Revitalization Area; 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 .1-5; and WHEREAS , the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS , the Council had 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 real 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. FILED M CLEFS OFFS PRESENTED L :T�= 5� ," ,; .ggt Me ,er of the C n Council NOT APPROVED ADOPTED (, -a -F `/ Irene Gammon CITY CLERK.SOUTH REND,IND.