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

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the east face of the existing Print Shop, a distance of 387.45 feet; thence easterly along a line with a deflection angle of 89 degrees 54 minutes Left, a distance of 17.95 feet to the point of beginning; and subject to a non-exclusive easement for the purposes of ingress and egress to and from the real estate lying immediately west and adjacent thereto on and 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 , Township 37 North, Range 2 East, and a part of the State Bank Outlot 104 of State Bank 2nd Plat Outlots of the Town, now the City of South Bend, Portage Township, St. Joseph County, Indiana; 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 07 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 07 minutes Left, a distance of 387 .02 feet; thence easterly along a line with a deflection angle of 90 degrees, 13 minutes Right, a distance of 17.92 feet; thence southerly to a point 17 .92 feet east of the point of beginning; thence westerly a distance of 17.92 to the point of beginning. WHEREAS, the Redevelopment Commission has conducted an investigation pursuant to Section 2-77 of the Municipal Code and prepared a report determining that there is compliance with the Statutory obsolescence and eligibility criteria under Indiana Code 6-1.1-12. 1-1 et seq. 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 an Urban Development area, and that the tangible personal property to be located at such loca- tion is entitled to a deduction from the assessed value of the equipment for a period of five (5) years. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows : SECTION I. The Common Council hreby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Urban Development Area and that the tangible personal property to be located at such location is entitled to a deduction from the assessed value of the equipment for a period of five (5) years. SECTION II. The Common Council hereby adopts a resolution designating this area as an Urban Development Area for purposes of personal property tax abatement. SECTION III. The Common Council directs the City Clerk, upon the receipt of the report of the Area Plan Commission to cause notice of the adoption of this Resolution to be published. Said publica- tion shall provide notice of the public hearing before the Common Council of said declaration. -2-