04-08-02 Council Meeting Minutes

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REGULAR MEETING APRIL 8, 2002 Numbered 47 and the East 10.0 feet of the South 24.75 feet of the West 152.00 feet of Bank Out Lot Numbered 46 in the State Bank of Indiana's First addition of Outlots in the Town, now City of South Bend. Tract II. All that part of the West 152.00 feet of the South Half (49.50) feet of Bank Out Lot 48 in the State Bank of Indiana's First Addition of Out Lots presently owned by the Mastic Corporation, and that part of the North 2.56 feet of Lot 1 in Weaver's Subdivision lying West of a line 152.00 feet East of the East line of Scott Street in the City of South Bend. Tract III. Part of Out Lot Numbered Forty -eight (48) in the State Bank of Indiana's First Addition of Outlots in the Town, now City of South Bend, and part of Lot Numbered One (1) Weaver's Subdivision, St. Joseph County, Indiana and being described as follows: Beginning at an iron pin at the Northwest corner of the East Half of said Outlot 48; thence East along the North line of said Outlot 48 a distance of 70.00 feet to an iron pipe; thence South along a line making an angle of 90 °05' with the last described course, 55.25 feet to an iron pipe; thence East on a deflection to the left 89 °39' from the last described course 151.89 feet to an iron pipe; thence South along the West line of Taylor Street, 44.06 feet to an iron pin at the Northeast corner of Lot 1 in Weaver's Subdivision; thence West along the South line of said Lot 48 being also the North line of said Lot 1, a distance of 115.50 feet to a cross in the concrete; thence South a distance of 2.56 feet to a drill hole; thence West along the North line of the existing alley being parallel to and 2.56 feet South of the South line of Outlot 48 a distance of 176.75 feet to an iron pipe; thence North parallel to and 152.00 feet East of the East line of Scott Street, 101.56 feet to a drill hole on the North line of said Outlot 48; thence East along said North line 70.39 feet to the point of beginning. and which has Key Number 18- 3047 -1801, as an Economic Revitalization Area; and WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana code 6- 1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION II. The Common Council hereby determines that the property owner is qualified -5-