Designating Tax Abatement - U.S. 31 and Brick Rd. (5 Year Personal Property)

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RESOLUTION NO. 1 l cl-g3 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY COMMONLY KNOWN AS U.S. 31 AND BRICK RD. , SOUTH BEND, INDIANA, AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT. WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as U.S. 31 and Brick Rd. , South Bend, Indiana, and which is more particularly described by line drawn as follows: A part of the Southeast 1/4 of the Northwest 1/4 of Section 19, Township 38 North, Range 2 East of the 2nd Principal Meridian, German Township, City of South Bend, St. Joseph County, Indiana more particularly described as follows: Beginning at the intersection of the East line of the Northwest 1/4 of said Section 19 with the North right-of-way line of the Indiana East-West Toll Road a centerline survey of which is recorded in Plat Booka19A, Pages 1-22 inclusive, in the office of the St. Joseph County Recorder: Thence North 000 54 ' 38" West along said East line of the Northwest 1/4 of said Section, 450.00 feet: thence South 890 43 ' 00" West parallel with the North right-of-way line of the Indiana East-West Toll Road, 500.00 feet; thence South 000 54' 38" East parallel with the East line of the Northwest 1/4 of said Section, 450.00 to the North right-or-way line of the Indiana East-West Toll Road; thence North 890 43 ' 00" East along said North right-of-way line 500.00 feet to the point of beginning and containing 5. 1649 acres, more or less. be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1. 1-12. 1-1 , et seq. ; and WHEREAS, the Redevelopment Commission has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Ecomonic Revitalization Area under Indiana Code 6-1 . 1-12. 1-1 , et seq. , and has further prepared maps and plats showing the boundaries and such other information as required by law of the area in question; and WHEREAS, the Human Resources and Economic Development Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as Economic Revitalization Area. 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 accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposes of personal property tax abatement.