Designating Tax Abatement - South-West Corner of elwood Ave. & Portage Ave. (5 Year Real Property)

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RESOLUTION NO. )( '4 ( -gy - A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS THE SOUTH-WEST CORNER OF ELWOOD AVENUE AND PORTAGE AVENUE, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for real property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as the South-west corner of Elwood Avenue and Portage Avenue , South Bend, Indiana, and which is more particularly described as follows: A tract or parcel of land in the Northwest quarter of Section 2, Township 37 North, Range 2 East, Portage Township, St . Joseph County, South Bend, Indiana, to wit: A tract or parcel of land in the Northwest quarter (1/4) of Section 2, Township 37 North, Range 2 East , described as beginning at a point on the South line of Elwood Avenue , which point is Twenty (20) feet South and Nine Hundred Seventy-five (975) feet East of the Northwest corner of the Northwest Quarter (1/4) of Section 2, Township 37 North , Range 2 East; running thence South One Thousand One Hundred Eighty-four and Seventeen Hundredths (1184. 17) feet more or less to the Northerly line of the Chicago, Indiana Southern Railroad Company's right-of-way; thence Northeasterly along said Northerly line of said Chicago, Indiana Southern Railroad Company's right-of-way One Thousand Sixty-three and Seven Tenths (1063. 7) feet to the Southwesterly line of Portage Avenue thence Northwest- erly along said Southwesterly line of portage Avenue Three Hundred Eighty-nine and Five Tenths (389.5) feet to the South line of Elwood Avenue as this intersec- tion existed prior to October 17, 1975, thence West along the South line of Elwood Avenue as it existed prior to October 17 , 1975 , Three Hundred Sixty-three and Four Tenths (363. 4) feet to the point of beginning . EXCEPTING THEREFROM the following described exception parcels: Exception Parcel 1: Beginning in the Southwesterly line of Portage Avenue in said City of South Bend , at a point South 37 de- grees 48 minutes East 197.0 feet from the intersection of the South line of Elwood Avenue with the Southwest- erly line of said Portage Avenue, as this intersection existed prior to October 17, 1975; running thence South 37 degrees 48 minutes East along said Southwest- erly line of said Portage Avenue , 152.0 feet to a point 40.5 feet, more or less , measured at right angles from the Northwesterly right-of-way line of the Chicago , Indiana Southern Railroad; thence South 37 degrees 20 minutes west 103.6 feet on the long chord of a curve to the left , which curve is parallel to and at all points 40 .5 feet , more or less , distant from the said Northwesterly right-of-way line of said Chicago, Indiana Southern Railroad ; thence North 37 degrees 48 minutes West 178.65 feet; thence North 52 degrees 12 minutes East 100 feet to the point of beginning.