Confirming Tax Abatement - 445 N. Sheridan Ave. (5 Year Personal Property)

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RESOLUTION NO. /d 745"-f A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 445 NORTH SHERIDAN AVENUE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF TAX ABATEMENT. WHEREAS, the Common Council of the City of Soutn Bend has adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the pur- pose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 445 North Sheridan Avenue and more particu- larly described by a line drawn as follows: A tract of land in the Southwest 1/4 of Section 4 , Township 37 North, Range 2 East located in Portage Township, City of South Bend, St. Joseph County, Indiana, described as follows: Beginning at a point on the West line of Sheridan Avenue (80 foot right-of-way) 420 . 19 feet North (assumed bearing) of the North line of Linden Avenue (80 foot right-of-way) which point is also 207 feet West and 460.19 feet North of the South- east corner of said Southwest 1/4 of Section 4; thence Northerly along said West line of Sheridan Avenue 673.22 feet to the Southerly right-of-way line of the Consolidated Rail Corporation (for- merly the New York Central Railroad) ; thence North 79°18 '30" West along said Southerly right- of-way line of the Consolidated Rail Corporation 429.83 feet; thence South 00°08 '15" West 749.04 feet to a point 418 .30 feet North 00°08 '15" East of the North line of Linden Avenue; thence East perpendicular to the West line of Sheridan Avenue 370.56 feet to the point of beginning , containing 6 .268 acres, more or less. 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 in- terested persons; and WHEREAS, the Council has determined that the qualifi- cations 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: