Confirming Tax Abatement - 2722 Tucker Drive - Steel Warehouse Company LLC

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RESOLUTION NO. 3 ~ ~ ~~ "~~ A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 2722 TUCKER DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE (5) YEAR PERSONAL PROPERTY TAX ABATEMENT FOR STEEL WAREHOUSE COMPANY LLC WHEREAS, the Common Council of the City of South Bend, Indiana, has. adopted a Declaratory Resolution designating certain areas within the City as Economic Revitalization Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 2722 Tucker Drive, South Bend, Indiana, and which is more particularly described as follows: The following parcels of Real Estate all located in St. Joseph County, Indiana: A part of the South '/ of the Northwest'/ of Section 15, Township 37 North, Range 2 East in the City of South Bend, St. Joseph County, Indiana, described as follows: Beginning at a point on the East line of the Southwest'/ of the Northwest '/ of said Section 15, 580.64 feet South of the Northeast corner of said Southwest'/4 of the Northwest'/, said point being 172.0 feet North of the North right of way line of the Indiana Northern Railway Company; thence Westerly parallel with said North right-of-way line 565 feet to the Southwest corner of a tract of land conveyed to Stanley Enterprise, Inc. By a deed recorded October 16, 1993 in Deed Record 777, page 226; thence North along the West line of said Stanley Enterprises, inc. tract, said line being parallel with the East line of said Southwest'/4 of the Northwest'/, 323.0 feet to the South line of Tucker Drive; thence West along the South line of Tucker Drive 215.93 feet; thence South parallel with said East line of the Southwest'/ of the Northwest'/, 495.90 feet to the North right-of-way line of the Indiana Northern Railway Company; thence Easterly along said North right=of-way line, 860.23 feet to the West edge of Steel Warehouse Co. Ines building; thence North along said West edge of building, 172.0 feet; thence Westerly parallel with the North right-of-way line of the Indiana Northern Railway Company, 79.3 feet to the point of beginning, containing 5.0 acres, more or less.