Designating Tax Abatement - Portage Prairie Development, Lot 2 - Waggoner Farm Development., L.P. (Ontario Partners, L.P.)

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RESOLUTION NO. 3 1 ~ ~~~ ~ _ A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS PORTAGE PRAIRIE DEVELOPMENT, LOT 2 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF AN SIX-YEAR REAL PROPERTY TAX ABATEMENT FOR WAGGONER FARM DEVELOPMENT, L.P. (ONTARIO PARTNERS, L.P.) WHEREAS, a petition for real property tax abatement has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana requesting that the area commonly known as Portage Prairie Development, Lot 2, South Bend, Indiana, and which is more particularly described as follows: A PART OF THE NORTHWEST QUARTER OF SECTION 17 AND THE NORTHEAST QUARTER OF SECTION 18, TOWNSHIP 38 NORTH, RANGE 2 EAST, GERMAN TOWNSHIP, CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF THE NORTHWEST QUARTER OF SECTION 17, SAID CORNER BEING MARKED BY A HARRISON TYPE MONUMENT; THENCE SOUTH 00 DEGREES 12 MINUTES 46 SECONDS EAST, A DISTANCE OF 910.31 FEET TO THE POINT OF BEGINNING; THENCE NORTH 89 DEGREES 44 MINUTES 25 SECONDS EAST, A DISTANCED OF 385.46 FEET TO THE WEST RIGHT-OF-WAY LINE OF DYLAN DRIVE AS RECORDED UNDER INSTRUMENT NUMBER 0647966 IN THE OFFICE OF RECORDER OF SAID COUNTY; THENCE SOUTH 00 DEGREES 15 MINUTES 35 SECONDS EAST ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 919.19 FEET TO THE NORTH LINE OF PORTAGE PRAIRIE MINOR #2 AS RECORDED UNDER INSTRUMENT 0814357 NUMBER; THENCE NORTH 89 DEGREES 44 MINUTES 25 SECONDS EAST ALONG SAID NORTH LINE, A DISTANCE OF 386.22 FEET TO THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 18; THENCE NORTH 89 DEGREES 44 MINUTES 25 SECONDS EAST ALONG SAID NORTH LINE OF PORTAGE PRAIRIE MINOR #2, A DISTANCE OF 166.28 FEET; THENCE NORTH 00 DEGREES 15 MINUTES 35 SECONDS EAST AND PARALLEL TO SAID WEST RIGHT-OF-WAY LINE OF DYLAN DRIVE, A DISTANCE OF 919.19 FEET; THENCE NORTH 89 DEGREES 44 MINUTES 25 SECONDS EAST, A DISTANCE OF 167.04 FEET TO THE POINT OF BEGINNING; SAID DESCRIBED PARCEL CONTAINING 11.659 ACRES, MORE OR LESS. SUBJECT TO EASEMENTS, RIGHT-OF-WAY, COVENANTS AND RESTRICTIONS OF RECORD.