01-11-99 Council Meeting Minutes

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REGULAR MINUTES JANUARY 11, 1999 WHEREAS, a petition for personal property tax abatement consideration has been filed with the Common Council of the City of South Bend, requesting that the area commonly known as 2930 Foundation Dr., South Bend, Indiana, and which is more particularly described as follows: PARCEL I: A description of 8.2895 acres of land in the North half of Section 28, Township 38 north, range 2 east, St. Joseph County, Indiana, said 8.2895 acre tract being part of a certain 12.00 acre tract described in Deed Book 593, page 47 of the deed records of said St. Joseph County. Commencing at a PK nail with disc set at the north quarter corner of said Section 28; thence along the northerly line of said north half of Section 28, being also the north line of said 12.00 acre tract, north 89058'54" west a distance of 165.00 feet to a PK nail set for the northwest corner of said 12.00 acre tract; thence along the westerly line of said 12.00 acre tract, south 00014/02? west a distance of 785.23 feet to an iron bar set at the point of beginning of the 8.2895 acre tract herein described; thence continuing along the said westerly line, south 00014102" west a distance of 973.25 feet to a 1 1/4" iron pipe found for the southwest corner of said 12.00 acre tract being also the southwest corner of the said 8.2895 tract herein described; thence along the southerly line of said 12.00 acre tract, south 89053127" East a distance of 371.17 feet to a 3/4" iron pipe found at the southeast corner of said 12.00 acre tract being also the southeast corner of the 8.2895 acre tract herein described; thence along the easterly line of said 12.0 acre tract, north 00o12122" east a distance of 973.60 feet to a " iron pipe found at a corner of said 12.00 acre tract, being also the southeast corner of a certain tract of land described in recorded Document No. 9016462; thence along a line of said 12.00 acre tract, being also the southerly line of said recorded Document No. 9016462, North 89055150" west a distance of 370.70 feet to the point of beginning. PARCEL II: A description of a portion of the north half of Section 28, Township 38 north, range 2 east, St. Joseph County, Indiana, said portion being more particularly described as follows: Commencing at the North Quarter corner of said Section 28, being a PK nail and disc marked "S0307 "; thence along the north line of said Section 28, north 89058154" west a distance of 165.00 feet to a PK nail and disc set marked "S0307" thence along the westerly line of a certain 12.00 acre tract of land described in Deed Book 593, page 47 on file and record in the office of the Recorder of St. Joseph County, Indiana, South 00014102" west, a distance of 1758.58 feet to a 1 1/4" iron pipe found for the southwest corner of said 12.00 acre tract of land and the point of beginning of said portion herein described: thence continuing along the southerly extension of said westerly line, south 00014102" west a distance of 20.64 feet to an iron bar set, marked "S0307 ", in the northerly right of -way line of proposed Foundation Drive extension as shown on the plat of Airport Industrial Park, Phase III and IV and recorded as Document No. 7806496; thence along said northerly right -of -way line, north 89044158" East a distance of 35.92 feet to a 1/2" iron bar found for the northwesterly corner of a certain tract of land described in recorded Document No. 8822679; thence along the north 89057'43" east a distance of 335.26 feet to an iron bar set; thence along the southerly extension of the easterly line of said 12.00 acre tract of land, north 00o12'22" east, a distance of 19.56 feet to a 2/4" iron pipe found at the southeast corner of said 12.00 acre tract of land; thence along the southerly line of said 12.00 acre tract of land, being also the northerly line of said portion herein described north 89052127" west, 371.17 feet to the point of beginning. and this property has Key Numbers 25- 1010 - 038401, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1,1- 12.1 -1 et sea., and South Bend Municipal Code Section 2 -76 et seq.; and 1 1