Designating 404 W. Sample St as Urban Development Area for Tangible Personal Property Tax Abatement

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RESOLUTION NO. Q5 3 -jI'a A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING 404 WEST SAMPLE STREET AN URBAN DEVELOPMENT AREA FOR TANGIBLE PERSONAL PROPERTY TAX ABATEMENT PURPOSES AND A DETERMINATION 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 404 West Samples Street, South Bend, Indiana, and more particularly described by a line drawn as follows : A parcel of land being a part of the Northeast Quarter of Section 14, Township 37 , North, Range 2 East of the Second Principal Meridan and being more particularly described as follows , viz : Beginning at a point 1200..01 feet South 89° -51' -46" East of the Northwest corner of Tract No . 4 of the Studebaker Corporation Replat as recorded in Plat Book 11, page 184, in the office of the Recorder of St . Joseph County, Indiana, said point being on the North Line of said Tract No . 4, which North Line is also the South right-of-way line of Sample Street ; thence South 0° -21' -18" East along the projection of a wall line and along said wall line, a distance of421. 71 feet to an angle point; thence South 27° -52' -38" East , along a wall line a distance of 27 . 07 feet to an angle point ; thence North 89° -38 ' -42" East, along a wall line a distance of 132 . 73 feet to a point 96. 19 feet South 89° -38 ' -42" West of the West right-of-way line of Franklin Street ; thence South 0° -21' -55" East , parallel with the West right- of-way line of Franklin Street , a distance of 160 . 27 feet to a point 96 . 18 feet South 89° -55 ' -21" West of said West right-of-way line of Franklin Street ; thence North 89° -55' -21" East, a distance of 96 . 18 feet to said West right-of-way line; thence North 0° -21' -55" West , along said West right-of-way line, a distance of 604. 93 feet to said South right-of-way line of Sample Street ; thence North 89° -51' -46" West, along said South right-of-way line, a distance of241. 64 feet to the place of beginning. Containing 122, 878 . 47 square feet (2 . 821 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