Designating Tax Abatement - 220 West Colfax Avenue - Colfax Place Associates

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RESOLUTION NO. 3 7 7 y-o7 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 220 WEST COLFAX AVENUE AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A (5) FIVE-YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR COLFAX PLACE ASSOCIATES WHEREAS, a Statement of Benefits and a petition for residential real property tax abatement have been submitted to and 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 220 West Colfax Avenue, South Bend, Indiana, and which is more particularly described as follows: PARCEL I: Lots Numbered One (1), Two (2), Seven (7), Eight (8) and the East one-third (1/3) of Lot Numbered Four (4) as shown on the recorded Plat of J.C. Knoblock's Subdivision of Lots Numbered Two Hundred Forty-five (245) and Two Hundred Forty-six (246) in the Original Plat of the Town, now City of South Bend, Indiana, recorded February 26, 1901 in the Office of the Recorder of St. Joseph County, Indiana. EXCEPTING from said Lot Numbered Two (2) the following: A strip of land bounded by a line described as beginning at the Northwest corner of Lot Two (2) in Knoblock's Subdivision of Lots Two Hundred Forty-five (245) and Two Hundred Forty-six (246) in the Original Plat of South Bend, Indiana; thence running Easterly on the North line of said Lot Two (2) a distance of 31.65 feet to a point that is 0.50 feet East of the East end of the existing Party Wall; thence South a distance of 1.25 feet; thence Westerly parallel with the North line of said Lot Two (2) to a point on the West line thereof. said point being 1.25 feet South of the point of beginning; thence North on the West line of Lot Two (2)