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RESOLUTION NO. 11'1/40-k-�'
<br /> A RESOLUTION OF THE COMMON COUNCIL OF THE
<br /> CITY OF SOUTH BEND DESIGNATING CERTAIN
<br /> AREAS WITHIN THE CITY COMMONLY KNOWN AS
<br /> 316 E. MONROE
<br /> AN ECONOMIC REVITALIZATION AREA FOR
<br /> PURPOSES OF REAL PROPERTY TAX ABATEMENT.
<br /> WHEREAS, a petition for real property tax abatement consid-
<br /> eration has been filed with the Common Council of the City of South
<br /> Bend, requesting that the area commonly known as 316 E. Monroe
<br /> , South Bend, Indiana, and which
<br /> is more particularly described by a line drawn as follows :
<br /> A parcel of land being lots 4 ,5 , 6 ,8 ,9 , and 10 , and a vacated
<br /> 10 foot wide alley lying adjacent to said Lot 8 , in George R. Hudson' s
<br /> Subdivision of parts of lots 19 and 20 in Denniston and Fellow' s
<br /> Addition, South Bend, Indiana, and being more particularly described
<br /> as follows, viz :
<br /> Beginning at the intersection of the South right-of-way
<br /> line of Monroe Street (82. 5 feet wide) and the West right-of-way
<br /> line of Columbia Street (66 feet wide) , said intersection being
<br /> the North east corner of Lot 4 in said George R. Hudson' s Sub-
<br /> division; thence South 0°-00 ' -00" West (bearing assumed) along
<br /> said west line of Columbia Street and the East lines of Lots 4 ,8 ,
<br /> 9 , and 10 in said subdivision, a measured distance of 264 .76 feet
<br /> to the southeast corner of said lot 10; thence North 89°-36 '-01"
<br /> West, along the South line of said lot 10, a measured distance of
<br /> 132. 69 feet to the Southwest corner of said lot 10; thence North
<br /> 0°-10 '-35" West, along the west lines of said lots 10 , 9 , and 8 ,
<br /> and said line projected, a measured distance of 150. 11 feet to a
<br /> point on the south line of lot 6 in said subdivision; thence
<br /> North 89°-56 '-26" West, along the south line of said lot 6, a
<br /> measured distance of 15 .86 feet to the southwest corner of said
<br /> lot 6; thence North 0°-19 '-13" East, along the West line of said
<br /> lot 6, a measured distance of 114. 13 feet to the northwest corner
<br /> of said lot 6; thence South 89°-50 '-14" East, along the north line
<br /> of lots 6 ,5, and 4 in said subdivision and said south line of
<br /> Monroe Street, a measured distance of 148 . 37 feet to the point of
<br /> beginning, containing 36,954. 4 square feet, more or less.
<br /> Subject to any easements, covenants , or restrictions
<br /> of record.
<br /> be designated as an Economic Revitalization Area under the provisions
<br /> of Indiana Code 6-1. 1-12 . 1-1, et seq. ; and
<br /> WHEREAS, the Redevelopment Commission has concluded an in-
<br /> vestigation and prepared a report with information sufficient for the
<br /> Common Council to determine that the area qualifies as an Economic
<br /> Revitalization Area under Indiana Code 6-1 .1-12. 1-1 , et seq. , and has
<br /> further prepared maps and plats showing the boundaries and such other
<br /> information as required by law of the area in question; and
<br /> WHEREAS The Human Resources and Economic Development
<br /> Committee of the Common Council has reviewed said report and
<br /> recommended to the Common Council that the area qualifies as an
<br /> Economic Revitalization Area.
<br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
<br /> City of South Bend, Indiana, as follows :
<br /> SECTION I. That the Common Council hereby accepts the
<br /> report and recommendation of the Human Resources and Economic
<br /> Development Committee that the area herein described be designated an
<br /> Economic Revitalization Area and hereby adopts a resolution designa-
<br /> ting this area as an Economic Revitalization Area for purposes of
<br /> real property tax abatement.
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