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REGULAR MEETING MARCH 27, 1995
<br />favor of this lease. Council Member Zakrzewski made a motion to adopt this
<br />resolution, seconded by Council Member Duda. Council Member Slavinskas questioned
<br />the fact that they did not have a copy of the lease, and he wanted to see a copy.
<br />Council Member Zakrzewski withdrew his motion for adoption until later in the Agenda.
<br />RESOLUTION NO. 2222 -95 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND
<br />DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND
<br />COMMONLY KNOWN AS 301 EAST SAMPLE STREET AN ECONOMIC
<br />REVITALIZATION AREA FOR PURPOSES OF PERSONAL PROPERTY TAX
<br />ABATEMENT FOR MOSSBERG & COMPANY INC.
<br />WHEREAS, a petition for personal property tax abatement consideration has been
<br />filed with the Common Council of the City of South Bend, requesting that the area
<br />commonly known as 301 E. Sample, South Bend, Indiana, and which is more particularly
<br />described as follows:
<br />Lots Numbered eleven (11), Twelve (12), Thirteen (13), Fourteen (14), Fifteen
<br />(15), Sixteen (16), Seventeen (17), Eighteen (18), Nineteen (19) and Twenty (20)
<br />as shown on the recorded plat of John C. Knoblock's Subdivision of Out Lot
<br />Thirty -nine (39) in Denniston & Fellows Addition to the Town now City of South
<br />Bend, recorded March 28, 1902, in Plat Book 8, Page 69, together with the
<br />vacated East -West alley lying between Lots Numbered Fifteen (15) and Sixteen
<br />(16); excepting the South Forty (40) feet of lots Numbered Nineteen (19) and
<br />Twenty (20) heretofore conveyed to the Civil City of South Bend, Indiana for
<br />street and roadway purposes.
<br />Also Lots Numbered Three (3), Four (4) Five (5), Six (6), Seven (7), Eight (8),
<br />Nine (9) Ten (10) Eleven (11) and Twelve (12) as shown on the recorded plat of
<br />William S. Anderson's Subdivision of Lot Numbered Forty (40) in Denniston and
<br />Fellows' Addition to the City of South Bend, in St. Joseph County, Indiana,
<br />together with the vacated East -West alley between Lots Numbered Nine (9), Ten
<br />(10), Eleven (11) and Twelve (12) on the North side and Lots Numbered Three (3),
<br />Four (4), Five (5), Six (6), Seven (7) and Eight (8) on the South side together
<br />with the vacated North -South alley lying between Lots Numbered Six (6) and Seven
<br />(7) and together with the vacated North -South alley lying between Lots Numbered
<br />Five (5) and Six (60); excepting the South Forty (40) feet of Lots Numbered
<br />Seven (7) and Eight (8).
<br />BUT EXCLUDING
<br />A parcel of land being part of lot 30 as shown on the recorded plat of Denniston
<br />and Fellows Addition and part of the East Half of the southwest Quarter of
<br />Section 12, Township 37 North, Range 2 East, all in Portage Township, City of
<br />South Bend, St. Joseph County, Indiana, described as follows:
<br />Beginning at a point on the North line of Tutt Street, 22.23 feet South
<br />89 41155" East (bearing assumed) from the Southwest corner of said Lot 30;
<br />thence South 89 41'55" East along the North line of Tutt Street, 155.62 feet to
<br />a point 294.61 feet (295.09 feet, record) North 89 41'55" West of the Southeast
<br />corner of said Lot 30, and being on the East line of the East side of an
<br />existing concrete block building; thence North 00 33135" East along said East
<br />line of said block building, 184.30 feet to the Southerly line of the
<br />Consolidated Railroad Corporation right -of -way; thence South 89 58'00" West
<br />along said railroad southerly right -of -way line, 6.79 feet to an angle in said
<br />railroad right -of -way; thence North 75 16115" West along said railroad southerly
<br />right -of -way line, 128.09 feet; thence South 32 43'45" West, 75.89 feet; thence
<br />South 00 33'35" West, 188.90 feet to the point of beginning.
<br />and this property has Key Numbers 18 3024 0869, 18 3022 0827, 18 0322 082701, 18 3224
<br />0897, 18 3224 0898 and 18 3204 0900, be designated as an Economic Revitalization Area
<br />under the provisions of Indiana Code 6 -1,1- 12,1 -1 et seq., and South Bend Municipal
<br />Code Section 2 -76 et seq.; and
<br />WHEREAS, the Department of Economic Development has concluded an investigation
<br />and prepared a report with information sufficient for the Common Council to determine
<br />that the area qualifies as an Economic Revitalization Area under Indiana Code 6 -1.1-
<br />12.1-1, et seq., and South Bend Municipal Code Sections 2 -76 et seq. and has further
<br />prepared maps and plats showing the boundaries and such other information regarding
<br />the area in question as required by law; and
<br />WHEREAS, the Human Resources and Economic Development Committee of the Common
<br />Council has reviewed said report and recommended to the Common Council that the area
<br />qualifies as an Economic Revitalization Area.
<br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend,
<br />Indiana, as follows:
<br />SECTION I. The Common Council hereby determines and finds pursuant to Indiana
<br />Code 6 -1.1- 12,1 -4.5, that:
<br />(a) the estimate of the cost of the new manufacturing equipment is reasonable
<br />for equipment of that type;
<br />(b) the estimate of the number of individuals that will be employed or whose
<br />employment will be retained by the Petitioner can be reasonably expected to
<br />result from the proposed installation of new manufacturing equipment;
<br />(c) the estimate of the annual salaries of those individuals who will be
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