04-22-02 Council Meeting Minutes

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REGULAR MEETING APRIL 22, 2002 CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN A 1915 N. BENDIX DRIVE TO BE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR APPLETREE ASSOCIATES (PEI GENESIS, INC.) 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 1915 N. Bendix Drive, South Bend, Indiana, and which is more particularly described as follows: A part of the Southeast Quarter (1/4) of the Northeast Quarter (1/4) of Section Thirty -Three (33), Township Thirty -Eight (38) North, Range Two (2) East, Portage Township, City of South Bend, St. Joseph County, Indiana, more particularly described as follows: Beginning at a found Three - Quarter (3/4) inch iron pipe at the West right -of -way line of Bendix Drive which is North 00 degrees 00 minutes 25 seconds East, 232.03 Feet (North 00 Degrees 07 Minutes 29 Seconds East, 232.38 Feet record) and North 89 degrees 44 minutes 04 seconds West, 40.00 Feet (North 89 degrees 40 minutes 09 seconds West, 40.00 Feet record) from the East Quarter (1 /4) post of said Section Thirty -Three (33); thence North 89 degrees 44 minutes 04 seconds West (North 89 degrees 40 minutes 09 seconds West record) a distance of 661.80 feet (661.97 feet record) to a found Three Quarter (3/4) inch iron pipe; thence North 00 degrees 00 minutes 25 seconds East (North 00 degrees 07 minutes 29 seconds East record) a distance of 290.69 feet (290.79 feet record) to a found three- quarter (3/4) inch iron pipe; thence North 89 degrees 52 minutes 20 seconds East (North 89 degrees 56 minutes 16 seconds East record) a distance of 661.79 feet (661.94 feet record) to a found five - eights (5/8) inch rebar at the West right -of -way line of Bendix Drive; thence South 00 degrees 00 minutes 25 seconds West (South 00 degrees 07 minutes 02 seconds West record) along said right -of -way line a distance of 295.24 feet (295.33 feet record) to the point of beginning, containing 4.45 acres, more or less, subject to all public highways and any easements of record, if any. and which has Key Number 25- 1006 - 0301.01, 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: -6-