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PARCEL IV: The vacated Grant, Johnson and Brookfield Streets running <br />from the North line of Washington Avenue and the South line of Orange <br />Street; also the vacated Colfax Avenue running from the West line of <br />Jackson Street to the West line of Lot 48 in College Grove Addition <br />extended North; also the vacated alley lying West and adjacent to Lots 1, <br />2, 3 and 5 Hosinski's Subdivision. <br />PARCEL V: An easement for ingress and egress in, upon and over the <br />following described real estate: Beginning at a point 4-1/2 feet West of the <br />Northeast corner of Lot Thirty (30) in College Grove Addition; thence <br />North on a line parallel to the East line of Lot 30 a distance of 10.00 feet; <br />thence East on a line parallel with the North lines of Lots 29 and 30 a <br />distance of 105.00 feet; thence South on a line parallel to the West lot line <br />of Lot 29 a distance of 10.00 feet to a point on the North line of Lot 29, <br />said point being 37.00 feet East of the Northwest corner of Lot 29; thence <br />West on and along the North line of Lot 29, extended across vacated <br />Johnson Street, and the North line of Lot 30, a distance of 105.00 feet to <br />the point of beginning. <br />and which has Key Number 18-2003-0032 presently, as an Economic Revitalization <br />Area; and <br />WHEREAS, notice of the adoption of a Declazatory Resolution and the public <br />hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; <br />and <br />WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrance's and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the azea described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />is Limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of three (3) yeazs, <br />and further determines that the petition, the Memorandum of Agreement between the <br />