Confirming Tax Abatement - 3511 Gagon (Real Property)

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RESOLUTION NO. 103q- t5 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, COMMONLY KNOWN AS 3511 GAGNON TO BE AN URBAN DEVELOPMENT AREA FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT AND A DETERMINATION OF THE PUBLIC UTILITY AND BENEFIT OF THE PROJECT PROPOSED FOR TAX ABATEMENT CONSIDERATION WHEREAS, the Common Council of the City of South Bend has adopted a Declaratory Resolution designating certain areas within the City as Urban Development Areas for the purposes of tax abatement consideration; and WHEREAS, a Declaratory Resolution designating the area commonly known as 3511 GAGNON, SOUTH BEND, INDIANA and more particularly described by a line drawn as follows: Commencing at the southeast corner of the NE 1/4 of said section; thence South 89°58156" West along the south line of said quarter section a distance of 1150.09 feet; thence North 0°00'23" East along the centerline of Kenmore Street a distance of 1011.00 feet; thence North 89°59'37" West a distance of 40.00 feet to the west boundary of said Kenmore Street and the point of beginning; thence South 45° 00'23" West a distance of 14.14 feet to the North boundary of Gagnon Street; thence North 89°59'37" West a distance or 320.00 feet along said north boundary; thence North 0°00'17" East a distance of 363.60 feet; thence South 89°59'37" East a distance of 326.61 feet to said west boundary of Kenmore Street; thence Southerly along said west bondary a distance of 112.63 feet along an arc to the right having a radius of 1869.86 feet and subtended by a long chord having a bearing of South 1°43' 11" East and a distance of 112.61 feet; thence South 0°00'23" West a distance of 241.03 feet along said west boundary to the point of beginning and containing 2.748 acres, more or less. is an Urban Development Area; and WHEREAS, the Area Plan Commission has submitted to the Council its written order approving for the Declaratory Resolution to the Council; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council having been published pursuant to Indiana Code 36=7-14 17; and WHEREAS, the Council held a public hearing for the purposes of hearing persons in favor of the proposed project and those remonstrators who were opposed to the proposed project; and WHEREAS, the Council has determined the public utility and benefit of the project. 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 Urban Development Area for the purposes of tax abatement consideration and confirms its determination of the project's public utility and benefit. 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. Member of the Commoirounci FILED IN CLEM'S OFFICE ,./ L.(3 1993 PRESENTED 3 ` J. / - g:3 NOT APPROVED Irene Gammon ADOPTED 3 -14-6'3., c o d,.11 CITY UERX,SDUTN BEND,IND.