Confirming 1117 W. Sample St. as an Urban Development Area for Tangible Personal Property Tax Abatement Consideration

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RESOLUTION NO. VD, '8 A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING 1117 WEST SAMPLE STREET, SOUTH BEND, INDIANA, AN URBAN DEVELOPMENT AREA FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT PURPOSES AND A DETER- MINATION OF THE PUBLIC UTILITY AND BENEFIT OF THE PROPOSED PROJECT WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Urban Development Areas for purposes of tax abatement consideration; and WHEREAS, a Declaratory Resolution designating the area commonly known as 1117 West Sample Street, South Bend, Indiana, and more particularly described by a line drawn as follows : That part of Bank Outlot 104 of the Second Plat of Outlots of the Town, now City, of South Bend, platted by the State Bank of Indiana bounded by the following described lines : Beginning at a point at the intersection of the East line of Arnold Street and the North line of Sample' Street; thence North along the East line of Arnold Street a distance of 472 .37 feet; thence along a line having a deflection angle of 90 degrees 7 minutes 30 seconds to the Right and a distance of 201.44 feet; thence along a line having a deflection angle of 90 degrees 07 minutes to the Left and a distance of 387.02 feet; thence along a line having a deflection angle of 90 degrees 13 minutes to the Right and a distance of 92.16 feet; thence South along a line having a deflection angle of 89 degrees 49 minutes to the Right and a distance of 859.45 feet to the North line of Sample Street; thence West along the North line of Sample Street a distance of 292.84 feet to the point of beginning; together with a non-exclusive easement for purposes of ingress and egress to and from the foregoing described real estate over the following described real estate in said County and State: A portion of the southeast quarter (1/4) of the southwest quarter (1/4) of Section 11, Town- ship 37 North, Range 2 East, and a part of State Bank Outlot 104 of State Bank 2nd Plat Outlets of the Town, now the City of South Bend, Portage Township, more particularly described as follows: Commencing at the point of intersection of the north right-of-way line of Sample Street with the east right-of-way line of Arnold Street; thence northerly along and with the east right-of-way line of Arnold Street a distance of 472.37 feet; thence easterly along a line with a deflection angle of 90 degrees 7 minutes 30 seconds Right, a distance of 201 .44 feet to the point of beginning; thence northerly along a line with a deflection angle of 90 degrees 7 minutes Left a distance of 387 .02 feet; thence westerly along a line with a deflection angle of 89 degrees 47 minutes Left, a distance of 18 feet; thence southerly along a line with a deflection angle of 90 degrees 12 minutes Left, said line being also