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REGULAR MEETING APRIL 28, 2008
<br />
<br /> DISTRESSED AREAS FOR PURPOSES OF A (5)
<br /> FIVE-YEAR RESIDENTIAL REAL PROPERTY
<br /> TAX ABATEMENT FOR TAMPICO
<br /> DEVELOPMENTS, LLC
<br />
<br />WHEREAS, a Statement of Benefits and a petition for residential real property
<br />tax abatement have been submitted to and filed with the City Clerk for consideration by
<br />the Common Council of the City of South Bend, Indiana, requesting that the area
<br />commonly known as 9.82 acres within NW ¼, Section 32, T37N, R3E, South Bend,
<br />Indiana, and which is more particularly described as follows:
<br />
<br />A PARCEL OF LAND BEING A PART OF PARENT PART OF LAND AS DESCRIBED IN
<br />DEED RECORD INSTRUMENT NUMBER 9944308 AS RECORDED IN OFFICE OF
<br />RECORDER OF ST. JOSEPH COUNTY, INDIANA, IN PART OF THE NORTHWEST
<br />QUARTER OF SECTION 32, TOWNSHIP 37 NORTH, RANGE 3 EAST, PENN TOWNSHIP,
<br />CITY OF SOUTH BEND, INDIANA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
<br />
<br />COMMENCING AT THE NORTHWEST CORNER OF SAID SECTION 32; THENCE
<br />SOUTH 00 DEGREES 16 MINUTES 29 SECONDS EAST ALONG THE WEST LINE OF
<br />SAID NORTHWEST QUARTER; A DISTANCE OF 1363.59 FEET TO THE POINT OF
<br />BEGINNING; THENCE NORTH 89 DEGREES 53 MINUTES 49 SECONDS EAST ALONG
<br />THE SOUTH LINE OF A PARCEL OF LAND AS RECORDED UNDER INSTRUMENT
<br />NUMBER 8634826 IN THE OFFICE OF SAID RECORDER, A DISTANCE OF 753.67 FEET;
<br />THENCE SOUTH 00 DEGREES 00 MINUTES 00 SECONDS WEST, A DISTANCE OF
<br />624.74 FEET; THENCE SOUTH 89 DEGREES 51 MINUTES 58 SECONDS WEST ALONG
<br />THE NORTH LINE OF STONEHEDGE ESTATES, SECTION THREE, PART TWO AND
<br />STONEHEDGE ESTATES, SECTION II, AS RECORDED UNDER INSTRUMENT
<br />NUMBERS 9516217 AND 9236154, RESPECTIVELY, IN THE OFFICE OF SAID
<br />RECORDER, A DISTANCE OF 750.68 FEET TO THE WEST LINE OF SAID NORTHWEST
<br />QUARTER; THENCE NORTH 00 DEGREES 16 MINUTES 29 SECONDS WEST ALONG
<br />SAID WEST LINE, A DISTANCE OF 625.15 FEET TO THE POINT OF BEGINNING; SAID
<br />DESCRIBED PARCEL CONTAINING 10.791 ACRES, MORE OR LESS;
<br />
<br />SUBJECT TO ANY EASEMENTS, COVENANTS, RESTRICTIONS, AND RIGHTS OF WAY
<br />OF RECORD.
<br />
<br />LEGAL DESCRIPTION HEREIN PREPARED BY THOMAS A. OESTERLING,
<br />REGISTERED LAND SURVEYOR, INDIANA LICENSE NUMBER 11462, EMPLOYED BY
<br />ABONMARCHE CONSULTANTS OF INDIANA, LLC, FOR TAMPICO DEVELOPMENTS,
<br />L.L.C., ON APRIL 14, 2008. LINE BEARING DATUM DESCRIBED HEREIN BEING
<br />RELATIVE TO SAID STAFFORDSHIRE ESTATES, SECTION TWO SUBDIVISION.
<br />
<br />and these 31 lots do not yet have individual key numbers but are part of Tax ID Number
<br />
<br />,
<br />26-1035-0589.02be designated as a Residentially Distressed Area under the provisions
<br />of Indiana Code 6-1.1-12.1 et seq., and South Bend Municipal Code Sections 2-76 et
<br />seq., and;
<br />
<br />WHEREAS, the Department of Community and Economic Development has
<br />concluded an investigation and prepared a report with information sufficient for the
<br />Common Council to determine that the area qualifies as a Residentially Distressed Area
<br />under Indiana Code 6-1.1-12.1, et seq., and South Bend Municipal Code Sections 2-76, et
<br />seq., and has further prepared maps and plats showing the boundaries and such other
<br />information regarding the area in question as required by law; and
<br />
<br />WHEREAS, the Community and Economic Development Committee of the
<br />Common Council has reviewed said report and recommended to the Common Council
<br />that the area qualifies as a Residentially Distressed Area.
<br />
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
<br />South Bend, Indiana, as follows:
<br />
<br />SECTION I . The Common Council hereby determines and finds that the petition for real
<br />property tax abatement and the Statement of Benefits form meet the requirements of
<br />Indiana Code 6-1.1-12.1 et seq., for tax abatement.
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